Moody's may cut AmerenGenco

Moody's Investors Service said it placed the ratings of Ameren Energy Generating Co. (Baa3 senior unsecured) on review for possible downgrade.

Moody's said it affirmed the ratings and stable outlook of Ameren Corp. (Baa3 senior unsecured).

"The review of AmerenGenco's ratings reflects reduced margins and cash flow coverage metrics, higher fuel and transportation costs, continued low power prices and unfavorable market conditions in the Midwest region, the likelihood of an extended period of low natural gas prices, and the company's vulnerability to higher environmental spending requirements," said Michael G. Haggarty, senior vice president.

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