TXU Debt Rating Lowered

S&P says weakness in the energy services company's European operations has applied added pressure to its financial profile

On Oct. 14, 2002, Standard & Poor's lowered its long-term corporate credit rating on U.S.-based power utility TXU Corp. (TXU ) and its U.S. and Australian subsidiaries to triple-'B' from triple-'B'-plus.

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