S&P changes Ameren view to stable

S&P said it affirmed its ratings on Ameren Corp. and subsidiaries Ameren Illinois Co. and Union Electric Co., including the BBB+ issuer credit ratings and the A-2 short-term ratings.

The agency revised the outlooks to stable from positive.

“The stable outlook for Ameren and its subsidiaries reflects our expectation of weaker consolidated financial measures for Ameren that we expect to persist through 2020 as the company executes its elevated capital spending plan and UEC remains under a rate freeze through mid-2020,” S&P said in a news release.

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