S&P upgrades Alliant Energy

Standard & Poor's said it raised its corporate credit ratings on Alliant Energy Corp. and utility subsidiary Interstate Power and Light Co. to A- from BBB+ and raised the corporate credit rating on utility subsidiary Wisconsin Power and Light to A from A- and the short-term rating on the subsidiary to A-1 from A-2.

The outlooks are stable.

S&P said the rating on Alliant is based on the consolidated credit profile, including IPL and WPL, and consists of an excellent business risk profile and a significant financial risk profile. Alliant owns electric generation and distribution and natural gas distribution utility subsidiaries IPL, which serves customers in Iowa and Minnesota, and WPL, which operates in Wisconsin.

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