CONSUMERS POWER <CMS> DEBT RAISED BY S/P
Standard and Poor's Corp said it
raised Consumers Power's senior debt to BBB-minus from BB-plus
and its subordinated debt to BB-plus from BB-minus.
    The rating agency also affirmed Consumers Power's BB-minus
preferred stock and B-rated preference stock. The utility has
about 3.3 billion dlrs of debt outstanding.
    S and P cited rate relief stabilization in 1985, bank debt
restructuring and the implementation of cash conservation
measures.
    Plans to retire or refinance high-cost debt should improve
the company's credit quality, S and P added.
 Reuter
