S&P might lift PPL

Standard & Poor's said it placed its BBB issuer credit ratings on PPL Corp. and utility subsidiaries PPL Electric Utilities Corp., Kentucky Utilities Co. and Louisville Gas & Electric Co., as well as intermediate holding company LG&E and KU Energy LLC, on CreditWatch with positive implications.

At the same time, the agency affirmed the A-2 short-term ratings on the companies.

"Our CreditWatch placement reflects our expectation that PPL's credit profile will strengthen after the spin-off of the unregulated power generation subsidiary PPL Energy Supply LLC," S&P credit analyst Gerrit Jepsen said in a news release.

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