Moody's may cut Constellation Energy

Moody's Investors Service said it placed Constellation Energy Group, Inc.'s Baa1 senior unsecured and Prime-2 commercial paper ratings under review for downgrade.

The agency affirmed subsidiary Baltimore Gas and Electric Co.'s Baa2 senior unsecured and Prime-2 short-term ratings with a stable outlook.

Moody's said the review is triggered by concerns surrounding the company's risk management and control processes, a weakened liquidity profile, and an aggressive investment and acquisition strategy.

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