NEW YORK -- Credit ratings agency Standard & Poor's Ratings Services has placed its ratings for utility company Duke Energy (DUK) on watch for a possible downgrade in response to a sudden leadership change after its acquisition of Progress Energy.Duke Energy completed its acquisition of Progress Energy on Monday, forming the nation's largest electric company. But the company said Bill Johnson, who was tapped to lead the combined company as president and chief executive, decided to leave by "mutual agreement."
S&P Puts Duke Energy on Watch
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.