DTE Energy Company Credit Ratings

Entity - Ultimate Parent

DTE Energy Company

EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

ESG Relevance


1			2			3			4			5

01Ratings

Rating	Action	Date	Type
BBB	Affirmed	12-Mar-2025	Long Term Issuer Default Rating
F2	Affirmed	12-Mar-2025	Short Term Issuer Default Rating

Ratings Key	Outlook	Watch
Positive
Negative
Evolving
Stable

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ��ֳ� Red

Rating History

Long Term Issuer Default Rating
Short Term Issuer Default Rating

Date :

12-Mar-2025

21-Mar-2024

06-Oct-2023

03-Feb-2023

07-Nov-2022

09-Mar-2022

08-Oct-2021

27-Oct-2020

15-Oct-2020

15-Apr-2020

18-Oct-2019

08-May-2019

26-Oct-2018

06-Apr-2018

07-Apr-2017

27-Sep-2016

08-Feb-2016

24-Apr-2015

23-Jan-2015

01-Oct-2014

07-Apr-2014

24-Jan-2014

25-Jan-2013

26-Jan-2012

28-Jan-2011

16-Mar-2010

18-Mar-2009

19-Mar-2008

22-Nov-2006

06-Dec-2005

14-May-2004

10-Nov-2003

19-Aug-2003

19-Sep-2002

10-Dec-2001

17-May-2001

02-Feb-2001

Rating :

BBB

BBB+

BBB

BBB+

Action :

Affirmed

Review - No Action

Affirmed

Review - No Action

Affirmed

Review - No Action

Downgrade

Rating Watch On

Affirmed

Review - No Action

Affirmed

Review - No Action

Affirmed

Upgrade

Affirmed

Revision Outlook

Affirmed

Revision Outlook

Affirmed

Revision IDR

Affirmed

Downgrade

Rating Watch On

Affirmed

New Rating

02Rating Actions

Rating Action Commentary / Wed 12 Mar, 2025

��ֳ� Affirms DTE Energy, DTE Electric Co. and DTE Gas Co.'s Ratings; Outlooks Stable

Rating Action Commentary / Tue 18 Feb, 2025

��ֳ� Rates DTE Energy's Senior Unsecured Notes 'BBB'

Rating Action Commentary / Mon 29 Jul, 2024

��ֳ� Rates DTE Energy's 2024 Series E Senior Unsecured Notes 'BBB'

Rating Action Commentary / Mon 29 Apr, 2024

��ֳ� Rates DTE Energy's 2024 Series D Senior Unsecured Notes 'BBB'

Rating Action Commentary / Thu 21 Mar, 2024

��ֳ� Affirms DTE Energy, DTE Electric Co. and DTE Gas Co.'s Ratings; Outlook Stable

Rating Action Commentary / Mon 12 Feb, 2024

��ֳ� Rates DTE Energy's 2024 Series A Senior Unsecured Notes 'BBB'

Rating Action Commentary / Mon 08 May, 2023

��ֳ� Rates DTE Energy's 2023 Series C Senior Unsecured Notes 'BBB'

Rating Action Commentary / Mon 07 Nov, 2022

��ֳ� Affirms DTE Energy, DTE Electric Co. and DTE Gas Co.'s Ratings; Outlook Stable

Rating Action Commentary / Mon 15 Nov, 2021

��ֳ� Rates DTE Energy's 2021 Series E Junior Subordinated Debentures 'BB+'

Rating Action Commentary / Fri 08 Oct, 2021

��ֳ� Affirms DTE Energy and Subs; Outlook Stable

Rating Action Commentary / Tue 27 Oct, 2020

��ֳ� Affirms DTE Energy and Subs. Following Plans to Spin-off GSP Business

Rating Action Commentary / Tue 29 Sep, 2020

��ֳ� Rates DTE Energy Co.'s $750 Million Senior Unsecured Debt 'BBB'; Outlook Stable

Rating Action Commentary / Tue 22 Sep, 2020

��ֳ� Rates DTE Energy Co.'s $200MM Junior Subordinated Debentures 'BB+'; Outlook Stable

Rating Action Commentary / Mon 03 Aug, 2020

��ֳ� Rates DTE Energy Co.'s $800 Senior Unsecured Debt 'BBB'; Outlook Stable

Rating Action Commentary / Wed 15 Apr, 2020

��ֳ� Downgrades DTE Energy to 'BBB'; Affirms DTE Electric and DTE Gas; Outlooks Stable

Rating Action Commentary / Tue 29 Oct, 2019

��ֳ� Rates DTE Energy Co.'s $1.95B Senior Unsecured Debt 'BBB+'; Rating Watch Negative

Rating Action Commentary / Fri 18 Oct, 2019

��ֳ� Places DTE Energy on Rating Watch Negative; Affirms DTE Electric Co. and DTE Gas

Rating Action Commentary / Thu 08 Aug, 2019

��ֳ� Rates DTE Energy Co.'s $675MM Senior Unsecured Debt 'BBB+'; Outlook Stable

Rating Action Commentary / Mon 10 Jun, 2019

��ֳ� Rates DTE Energy Co.'s $800MM Senior Unsecured Debt 'BBB+'; Outlook Stable

Rating Action Commentary / Wed 08 May, 2019

��ֳ� Revises DTE Energy and DTE Electric Co.'s Outlooks to Stable; Affirms DTE Gas at 'BBB+'

Rating Action Commentary / Thu 02 Aug, 2018

��ֳ� Rates DTE Energy Co.'s $600MM Senior Unsecured Debt 'BBB+'; Outlook Negative

Rating Action Commentary / Fri 06 Apr, 2018

��ֳ� Affirms DTE and Subs; Outlook Remains Negative

Rating Action Commentary / Mon 13 Nov, 2017

��ֳ� Rates DTE Energy Co.'s $400MM Subordinated Debentures 'BBB-'; Outlook Negative

Rating Action Commentary / Wed 08 Mar, 2017

��ֳ� Rates DTE's $500MM Sr. Notes Issuance 'BBB+'; Outlook Negative

Rating Action Commentary / Mon 28 Nov, 2016

��ֳ� Rates DTE Energy Co.'s $280MM Jr Subordinated Debentures 'BBB-'; Outlook Negative

Rating Action Commentary / Thu 29 Sep, 2016

��ֳ� Rates DTE Energy Co.'s $1.7B Senior Unsecured Debt 'BBB+'; Outlook Negative

Rating Action Commentary / Tue 27 Sep, 2016

��ֳ� Revises DTE Energy & DTE Electric Co.'s Outlooks to Negative; Affirms DTE Gas at 'BBB+'

Rating Action Commentary / Mon 23 May, 2016

��ֳ� Rates DTE Energy Co's $300MM Jr Subordinated Debentures 'BBB-'; Outlook Stable

Rating Action Commentary / Mon 08 Feb, 2016

��ֳ� Upgrades DTE Energy to 'BBB+' & DTE Electric to 'A-'; Affirms DTE Gas; Outlooks Stable

Rating Action Commentary / Tue 09 Jun, 2015

��ֳ� Rates DTE Energy Company's $300MM Senior Unsecured Notes 'BBB'; Outlook Stable

Rating Action Commentary / Fri 24 Apr, 2015

��ֳ� Affirms 54 U.S. Utility, Power & Gas Company Ratings

Rating Action Commentary / Fri 23 Jan, 2015

��ֳ� Affirms DTE Energy, DTE Electric Co. and DTE Gas Co.'s Ratings; Outlook Stable

Rating Action Commentary / Mon 17 Nov, 2014

��ֳ� Rates DTE Energy Company's $300MM Senior Unsecured Notes 'BBB'; Outlook Stable

Rating Action Commentary / Wed 01 Oct, 2014

��ֳ� Affirms 99 U.S. Utility, Power & Gas Companies' Ratings

Rating Action Commentary / Mon 22 Sep, 2014

Correction: ��ֳ� Affirms 130 U.S. Utility, Gas & Power Companies' Ratings

Rating Action Commentary / Thu 08 May, 2014

��ֳ� Rates DTE Energy Company's $350MM 3.5% Senior Unsecured Notes 'BBB'; Outlook Stable

Rating Action Commentary / Mon 07 Apr, 2014

��ֳ� Affirms 129 U.S. Utility, Gas & Power Companies' Ratings

Rating Action Commentary / Fri 24 Jan, 2014

��ֳ� Affirms DTE Energy, DTE Electric Co. and DTE Gas Co.'s Ratings; Outlook Stable

Rating Action Commentary / Mon 18 Nov, 2013

��ֳ� Rates DTE Energy Company's $300MM 3.85% Senior Unsecured Notes 'BBB'; Outlook Stable

Rating Action Commentary / Fri 25 Jan, 2013

��ֳ� Upgrades DTE Gas Co. to 'BBB+'; Affirms DTE Energy and DTE Electric Co.'s Ratings

Rating Action Commentary / Thu 27 Sep, 2012

��ֳ� Rates DTE Energy Company's $200MM Junior Subordinated Debentures 'BB+'; Outlook Stable

Rating Action Commentary / Thu 26 Jan, 2012

��ֳ� Upgrades Detroit Edison and Michigan Consolidated Gas; Affirms Parent DTE

Rating Action Commentary / Mon 28 Nov, 2011

��ֳ� Rates DTE Energy Company's $280MM Junior Subordinated Debentures 'BB+'; Outlook Stable

Rating Action Commentary / Tue 24 May, 2011

��ֳ� Rates DTE's $300MM Issuance of Floating Rate Senior Notes 'BBB'; Outlook Stable

Rating Action Commentary / Fri 28 Jan, 2011

��ֳ� Revises Detroit Edison's Rating Outlook to Positive; Affirms DTE Energy & Subs

Rating Action Commentary / Tue 16 Mar, 2010

��ֳ� Revises Outlook on DTE Energy to Stable; Affirms Ratings

Rating Action Commentary / Fri 22 Jan, 2010

��ֳ� Announces Hybrid Rating Changes for the U.S. Corporates Sector

Rating Action Commentary / Tue 12 May, 2009

��ֳ� Rates DTE's $300MM Senior Notes Issuance 'BBB'; Outlook Negative

Rating Action Commentary / Wed 18 Mar, 2009

��ֳ� Affirms DTE Energy Co. & Subsidiaries' Ratings

Rating Action Commentary / Thu 09 Oct, 2008

��ֳ� Rates Detroit Edison Co.'s $250MM Senior Notes Issuance 'A-'; Outlook Stable

03Insights

Rating Report / Fri 28 Mar, 2025

DTE Gas Company

Rating Report / Fri 28 Mar, 2025

DTE Energy Company

Rating Report / Fri 28 Mar, 2025

DTE Electric Company

Rating Report / Tue 23 Apr, 2024

DTE Gas Company

Rating Report / Tue 23 Apr, 2024

DTE Electric Company

Rating Report / Sun 07 Apr, 2024

DTE Energy Company

Special Report / Fri 15 Mar, 2024

4Q23 North American Utilities Earnings Wrap Up Report

Rating Report / Fri 22 Dec, 2023

DTE Electric Company

Rating Report / Thu 21 Dec, 2023

DTE Gas Company

Non-Rating Action Commentary / Wed 06 Dec, 2023

Deteriorating Outlook for North American Utilities, Power & Gas in 2024

Outlook Report / Wed 06 Dec, 2023

North American Utilities, Power & Gas Outlook 2024

Special Report / Tue 07 Nov, 2023

North American Utilities, Power & Gas — Relative Credit Analysis

Rating Report / Mon 09 Jan, 2023

DTE Energy Company

Rating Report / Fri 05 Nov, 2021

DTE Energy Company

Rating Report / Mon 17 Aug, 2020

DTE Energy Company

Rating Report / Fri 14 Aug, 2020

DTE Electric Company (Subsidiary of DTE Energy Company)

Rating Report / Wed 22 Apr, 2020

DTE Gas Company (Subsidiary of DTE Energy Company)

Special Report / Wed 06 Nov, 2019

U.S. Utility Parent Companies Handbook (A Detailed Review of Utility Parent Holding Companies)

Rating Report / Thu 31 Oct, 2019

DTE Energy Company

Rating Report / Tue 02 Jul, 2019

DTE Electric Company (Subsidiary of DTE Energy Company)

��ֳ� Wire / Fri 17 May, 2019

US Utility Credit Stable Despite High Capex, Leverage Creep

Rating Report / Mon 06 May, 2019

DTE Gas Company (Subsidiary of DTE Energy Company)

Navigator Report / Mon 07 Jan, 2019

DTE Gas Company - Ratings Navigator

Navigator Report / Mon 07 Jan, 2019

DTE Energy Company - Ratings Navigator

Rating Report / Tue 02 Oct, 2018

DTE Energy Company

Rating Report / Wed 11 Jul, 2018

DTE Electric Company (Subsidiary of DTE Energy)

Rating Report / Wed 18 Apr, 2018

DTE Energy Company

Rating Report / Wed 18 Apr, 2018

DTE Gas Company (Subsidiary of DTE Energy Company)

Rating Report / Thu 19 Oct, 2017

DTE Energy Company

Rating Report / Fri 07 Oct, 2016

DTE Energy Co.

Navigator Report / Mon 03 Oct, 2016

DTE Energy Co. - Ratings Navigator

Navigator Report / Fri 18 Mar, 2016

DTE Energy Co. - Ratings Navigator

Special Report / Tue 23 Feb, 2016

DTE Energy Co. - Corporate Forecasts

Rating Report / Wed 07 Oct, 2015

DTE Energy Co.

Rating Action Report / Fri 24 Apr, 2015

��ֳ� Affirms 54 U.S. Utility, Power & Gas Companies' Ratings

Navigator Report / Tue 03 Mar, 2015

DTE Energy Co. - Ratings Navigator

Rating Action Report / Wed 01 Oct, 2014

��ֳ� Affirms 99 U.S. Utility, Power & Gas Companies' Ratings

Rating Action Report / Mon 22 Sep, 2014

Correction: ��ֳ� Affirms 130 U.S. Utility, Power & Gas Companies' Ratings

Rating Action Report / Mon 07 Apr, 2014

��ֳ� Affirms 129 U.S. Utility, Power & Gas Companies' Ratings

Rating Report / Fri 14 Feb, 2014

DTE Energy Co.

Rating Report / Tue 23 Apr, 2013

DTE Energy Co.

Rating Report / Mon 23 Apr, 2012

DTE Energy Company

Rating Report / Mon 25 Apr, 2011

Detroit Edison Co. (A Subsidiary of DTE Energy Co.)

Rating Report / Mon 25 Apr, 2011

Michigan Consolidated Gas Co. (A Subsidiary of DTE Energy Co.)

Rating Report / Mon 25 Apr, 2011

DTE Energy Co.

Rating Report / Fri 06 Aug, 2010

Detroit Edison Company (Subsidiary of DTE Energy Company)

Rating Report / Fri 06 Aug, 2010

Michigan Consolidated Gas Company (Subsidiary of DTE Energy Company)

Rating Report / Fri 06 Aug, 2010

DTE Energy Company (DTE Energy Trust I & II)

Rating Report / Wed 01 Apr, 2009

Credit Update: Michigan Consolidated Gas Co. (A Subsidiary of DTE Energy Co.)

Rating Report / Wed 01 Apr, 2009

Credit Analysis: DTE Energy Co.

04Sector Outlooks

Outlook Report / Thu 12 Dec, 2024

U.S. Public power and Electric Cooperatives Outlook

Outlook Report / Fri 08 Dec, 2023

North American Midstream Energy Outlook 2024

Outlook Report / Thu 07 Dec, 2023

U.S. Public Power and Electric Cooperatives Outlook 2024

Outlook Report / Wed 06 Dec, 2023

North American Utilities, Power & Gas Outlook 2024

Outlook Report / Tue 27 Jun, 2023

Global Corporates Mid-Year Outlook 2023

Outlook Report / Wed 07 Dec, 2022

North American Utilities, Power & Gas Outlook 2023

Outlook Report / Tue 06 Dec, 2022

U.S. Public Power and Electric Cooperatives Outlook 2023

Outlook Report / Fri 17 Dec, 2021

��ֳ� 2022 Outlook: U.S. Public Finance

Outlook Report / Tue 07 Dec, 2021

��ֳ� 2022 Outlook: U.S. Public Power and Electric Cooperatives

Outlook Report / Thu 02 Dec, 2021

��ֳ� 2022 Outlook: North American Utilities, Power and Gas

Outlook Report / Wed 06 Jan, 2021

��ֳ� 2021 Outlook Compendium: U.S. Public Finance

Outlook Report / Mon 21 Dec, 2020

��ֳ� 2021 Outlook: U.S. Public Power and Electric Cooperatives -- Amended

Outlook Report / Wed 09 Dec, 2020

��ֳ� 2021 Outlook: North American Utilities, Power & Gas

Outlook Report / Fri 03 Jan, 2020

��ֳ� 2020 Outlook: U.S. Public Finance (Outlook Compendium Report)

Outlook Report / Thu 12 Dec, 2019

��ֳ� 2020 Outlook: U.S. Public Power and Electric Cooperatives (Strong Affordability and Deleveraging Support Stable Outlook)

Outlook Report / Wed 04 Dec, 2019

��ֳ� 2020 Outlook: North American Utilities, Power & Gas (Constructive Regulation Supports Recovery in Credit Metrics)

Outlook Report / Mon 28 Jan, 2019

��ֳ� 2019 Outlook: U.S. Corporates (Near-Term Stability amid Global Uncertainty)

Outlook Report / Thu 06 Dec, 2018

��ֳ� 2019 Outlook: U.S. Public Power and Electric Cooperative Sector (Strong Affordability and Favorable Operating Environment Support Stable Outlook)

Outlook Report / Wed 28 Nov, 2018

��ֳ� 2019 Outlook: U.S. Utilities, Power & Gas (Supportive Regulation and Focus on Deleveraging Supports Stable Outlook)

Outlook Report / Mon 08 Jan, 2018

��ֳ� 2018 Outlook: Global Corporate Overview

Outlook Report / Thu 21 Dec, 2017

��ֳ� 2018 Outlook: U.S. Corporates (Synchronized Global Growth Supports Fundamental Stability)

Outlook Report / Wed 06 Dec, 2017

��ֳ� 2018 Outlook: U.S. Public Power and Electric Cooperative Sector

Outlook Report / Wed 22 Nov, 2017

��ֳ� 2018 Outlook: U.S. Utilities, Power & Gas (Supportive Regulation and Low Commodity Costs Support Stable Outlook)

Outlook Report / Thu 15 Dec, 2016

2017 Outlook: U.S. Public Power and Electric Cooperative Sector

Outlook Report / Mon 12 Dec, 2016

2017 Outlook: U.S. Corporates (Fundamental Stability amid Growth Challenges)

Outlook Report / Tue 29 Nov, 2016

2017 Outlook: U.S. Utilities, Power & Gas (The Rising Undercurrents)

Outlook Report / Wed 13 Jul, 2016

2016 Midyear Outlook: Energy Infrastructure North America (Contracted Revenues Underpin Stable Cash Flows)

Outlook Report / Wed 10 Feb, 2016

2016 Outlook: U.S. Corporates (Fundamental Stability amid Market Volatility)

Outlook Report / Fri 11 Dec, 2015

2016 Outlook: U.S. Utilities, Power and Gas (Glimpse of the Dark Side )

Outlook Report / Wed 09 Dec, 2015

2016 Outlook: U.S. Public Power and Electric Cooperative Sector

Outlook Report / Tue 23 Jun, 2015

2015 Midyear Outlook: Latin America Infrastructure (Steady Performance in a Slower Growing Region)

Outlook Report / Tue 20 Jan, 2015

2015 Outlook: U.S. Corporates (Solid U.S. Economic Growth Supports Stable Outlooks)

Outlook Report / Tue 16 Dec, 2014

2015 Outlook: U.S. Utilities, Power and Gas (Slow and Steady)

Outlook Report / Wed 10 Dec, 2014

2015 Outlook: U.S. Public Power and Electric Cooperative Sector (Steady as She Goes)

Outlook Report / Tue 04 Feb, 2014

2014 Outlook: U.S. Corporates (Stable Outlook with Improving Trends)

Outlook Report / Thu 12 Dec, 2013

2014 Outlook: Utilities, Power, and Gas (Electricity Sales Unplugged)

Outlook Report / Thu 12 Dec, 2013

2014 Outlook: U.S. Public Power and Electric Cooperative Sector (Calm Under Pressure)

Outlook Report / Mon 22 Jul, 2013

2013 Midyear Outlook: Latin America Infrastructure

Outlook Report / Mon 08 Jul, 2013

2013 Midyear Outlook: Energy Infrastructure North America

Outlook Report / Fri 07 Dec, 2012

2013 Outlook: Utilities, Power, and Gas

Outlook Report / Thu 06 Dec, 2012

2013 Outlook: U.S. Public Power and Electric Cooperative Sector -- Nothing Shocking

Outlook Report / Wed 18 Jan, 2012

Accounting and Financial Reporting -- 2012 Global Outlook

Outlook Report / Thu 05 Jan, 2012

2012 Outlook: U.S. Corporate Credit

Outlook Report / Thu 22 Dec, 2011

��ֳ� U.S. High Yield Default Insight -- 2012 Outlook

Outlook Report / Fri 16 Dec, 2011

2012 Outlook: Professional U.S. Sports

Outlook Report / Wed 07 Dec, 2011

2012 Outlook: U.S. Public Power and Electric Cooperative Sector

Outlook Report / Mon 05 Dec, 2011

2012 Outlook: Utilities, Power, and Gas

Outlook Report / Wed 30 Mar, 2011

2011 Outlook: U.S. Public Finance Sector Profiles

Outlook Report / Tue 18 Jan, 2011

2011 Outlook: U.S. Public Power and Electric Cooperative Sector

Outlook Report / Mon 20 Dec, 2010

2011 Outlook: U.S. Utilities, Power, and Gas

05Securities and Obligations

Issuer: DTE Energy Company
Debt Level: senior unsecured
Issue: USD 600 mln 2.85% bond 01-Oct-2026

12-Mar-2025
BBB
Affirmed
Long Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

senior unsecured; bond/note
CUSIP: 233331AY3 (Public)
ISIN: US233331AY31 (Public)

Maturity Date: 01-Oct-2026
Currency: USD
Amount: 600,000,000
Coupon Rate: 2.85%
Placement: Public

Issuer: DTE Energy Company
Debt Level: senior unsecured
Issue: USCP

12-Mar-2025
F2
Affirmed
Short Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

senior unsecured; commercial paper

Program: USCP
Currency: USD
Market: US
Size: 1,200,000,000
Placement: 144A

Issuer: DTE Energy Company
Debt Level: junior subordinated
Issue: USD 400 mln 5.25% Series E note 01-Dec-2077

12-Mar-2025
BB+
Affirmed
Long Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

junior subordinated; bond/note
ISIN: US2333318598 (Public)
CUSIP: 233331859 (Public)

Maturity Date: 01-Dec-2077
Currency: USD
Amount: 400,000,000
Coupon Rate: 5.25%
Placement: Public

Issuer: DTE Energy Company
Debt Level: senior unsecured
Issue: USD 500 mln 3.8% 2017A bond 15-Mar-2027

12-Mar-2025
BBB
Affirmed
Long Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

senior unsecured; bond/note
CUSIP: 233331AZ0 (Public)
ISIN: US233331AZ06 (Public)

Maturity Date: 15-Mar-2027
Currency: USD
Amount: 500,000,000
Coupon Rate: 3.8%
Placement: Public

Issuer: DTE Energy Company
Debt Level: senior unsecured
Issue: USD 500 mln 3.4% bond/note 15-Jun-2029

12-Mar-2025
BBB
Affirmed
Long Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

senior unsecured; bond/note
CUSIP: 233331BC0 (Public)
ISIN: US233331BC02 (Public)

Maturity Date: 15-Jun-2029
Currency: USD
Amount: 500,000,000
Coupon Rate: 3.4%
Placement: Public

Issuer: DTE Energy Company
Debt Level: senior unsecured
Issue: USD 675 mln Series C 2.529% bond/note 01-Oct-2024

01-Oct-2024
NR
Matured
Long Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed;

senior unsecured; bond/note
CUSIP: 233331AW7 (Public)
ISIN: US233331AW74 (Public)

Maturity Date: 01-Oct-2024
Currency: USD
Amount: 675,000,000
Coupon Rate: 2.529%
Placement: Public

Issuer: DTE Energy Company
Debt Level: senior unsecured
Issue: USD 300 mln 2.95% bond/note 01-Mar-2030

12-Mar-2025
BBB
Affirmed
Long Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

senior unsecured; bond/note
CUSIP: 233331BF3 (Public)
ISIN: US233331BF33 (Public)

Maturity Date: 01-Mar-2030
Currency: USD
Amount: 300,000,000
Coupon Rate: 2.95%
Placement: Public

Issuer: DTE Energy Company
Debt Level: senior unsecured
Issue: USD 1.3 bln 4.22% Series F bond/note 01-Nov-2024

01-Nov-2024
NR
Matured
Long Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed;

senior unsecured; bond/note
CUSIP: 233331BD8 (Public)
ISIN: US233331BD84 (Public)

Maturity Date: 01-Nov-2024
Currency: USD
Amount: 1,300,000,000
Coupon Rate: 4.22%
Placement: Public

Issuer: DTE Energy Company
Debt Level: senior unsecured
Issue: USD 800 mln 1.05% Series F bond/note 01-Jun-2025

12-Mar-2025
BBB
Affirmed
Long Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

senior unsecured; bond/note
CUSIP: 233331BG1 (Public)
ISIN: US233331BG16 (Public)

Maturity Date: 01-Jun-2025
Currency: USD
Amount: 800,000,000
Coupon Rate: 1.05%
Placement: Public

Issuer: DTE Energy Company
Debt Level: junior subordinated
Issue: USD 230 mln 4.375% bond/note 15-Oct-2080

12-Mar-2025
BB+
Affirmed
Long Term Rating

Rating History

Country: United States
Sectors: Corporate Finance; Utilities and Power
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

junior subordinated; bond/note
CUSIP: 233331826 (Public)
ISIN: US2333318267 (Public)

Maturity Date: 15-Oct-2080
Currency: USD
Amount: 230,000,000
Coupon Rate: 4.375%
Placement: Public

Page

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06��ֳ� Adjusted Financials

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07Disclosures

Original Rating Date
Long Term Issuer Default Rating	02-Feb-2001
Short Term Issuer Default Rating	02-Feb-2001

Endorsement Status
EU Endorsed, UK Endorsed

Country of ��ֳ� Office
UNITED STATES

Solicitation Status
Long Term Issuer Default Rating	Solicited - Sell Side
Short Term Issuer Default Rating	Solicited - Sell Side

Country of Analyst
UNITED STATES

08Identifiers

Type:	CIK Code	CUSIP	Dow Jones Ticker	ICB	LEI
Identifier:	0000936340	233331	DTE	7535	549300IX8SD6XXD71I78

09Criteria

06Dec
2024

Active Criteria

10Analysts

Daniel Neama
Primary Rating Analyst

Simar Jolly
Secondary Rating Analyst

Credit-Relevant ESG Scale

How relevant are E, S and G issues to the overall credit rating?

5		Highly relevant, a key rating driver that has a significant impact on the rating on an individual basis. Equivalent to "higher" relative importance within Navigator.
4		Relevant to rating, not a key rating driver but has an impact on the rating in combination with other factors. Equivalent to "moderate" relative importance within Navigator
3		Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to "lower" relative importance within Navigator.
2		Irrelevant to the entity rating but relevant to the sector.
1		Irrelevant to the entity rating and irrelevant to the sector

* ESG Relevance is applicable for international scale ratings only

Ratings Key	Outlook	Watch
Positive
Negative
Evolving
Stable

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ��ֳ� Red