S&P upgrades Ameren

Standard & Poor's said it raised the corporate credit rating on Ameren Corp., Ameren Illinois and Ameren Missouri to BBB from BBB- and placed the corporate credit and long-term debt ratings on CreditWatch with positive implications.

The agency also said it affirmed the CCC+ ratings, including the corporate credit rating, on Ameren Energy Generating Co.

The outlook is negative.

The agency also said it raised the rating on Ameren's senior unsecured debt to BBB- from BB+ and the ratings on Ameren Illinois and Ameren Missouri's senior secured debt to A- from BBB+. S&P also raised the short-term rating on Ameren and its regulated subsidiaries to A-2 from A-3.

The upgrades reflect the company's commitment to credit quality, increased certainty in terms of strategic direction and its efficient execution of its revised strategy to exit the merchant business, S&P said.

© 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.