Moody's cuts AmerenEnergy

Moody's Investors Service said it downgraded the senior unsecured rating of AmerenEnergy Generating Co. to Ba3 from Ba2. The outlook is negative.

The agency said the rating action concludes the review of Ameren Genco's ratings initiated on March 29.

Moody's also affirmed the rating and stable outlook of Ameren Corp.

"The downgrade of Ameren Genco's ratings reflects the company's more constrained but still adequate liquidity position following the execution of a two-year put option agreement allowing it to raise $100 million within one business day by exercising an option to sell three gas plants to an affiliate," said Michael G. Haggarty, Moody's senior vice president, in a news release.

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