Moody's confirms Exelon

Moody's Investors Service said it confirmed Exelon Corp.'s Baa1 senior unsecured rating and its unregulated generation subsidiary Exelon Generation Co., LLC's A3 senior unsecured rating following the announcement that it had terminated plans to acquire NRG Energy, Inc.

The short-term ratings for commercial paper were affirmed at Prime-2.

The outlook is stable. The action concludes the review for downgrade that began on Nov. 12, 2008.

Moody's said the confirmation reflects expectation for continued strong credit metrics over the intermediate term given the company's competitive position as an unregulated generation company.

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