S&P turns DPL view to stable

S&P said it changed the outlooks for DPL Inc. and its subsidiary Dayton Power & Light Co. (AES Ohio) to stable from developing and affirmed all their ratings.

The revision to stable follows the order from the Public Utilities Commission of Ohio approving AES Ohio’s settlement pact and reflects the expectation that DPL will manage regulatory risk effectively over the agency’s base-case forecast and maintain FFO to debt of 8%-10% starting in 2022, S&P said.

DPL reported it expects AES to inject about $150 million of equity capital into the company, consistent with AES' prior statement of intent. “We view these developments as stabilizing DPL's and AES Ohio's credit quality,” S&P said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.