S&P rates Alliant Energy notes BBB+

S&P said it assigned its BBB+ rating to the proposed $700 million senior notes to be issued in two tranches by Alliant Energy Finance LLC.

Alliant Energy Corp. will fully, irrevocably and unconditionally guarantee the senior notes.

The agency said that since the guarantee extends on a senior unsecured basis, the rating on Alliant Energy Finance's senior notes is equal to a senior unsecured debt rating at Alliant Energy.

The rating on Alliant Energy’s senior unsecured debt is BBB+, one notch below the issuer credit rating of A- because subsidiary debt exceeds 50% of consolidated debt, S&P said.

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