S&P gives Constellation notes BBB+

S&P said it assigned its BBB+ issue-level rating to Constellation Energy Generation LLC's (CEG) planned $900 million of senior unsecured notes due 2054.

The rating is in line with those of CEG’s outstanding senior unsecured notes.

The company plans to use the proceeds for eligible green projects. “While this financing is not leverage neutral and will increase CEG's long-term debt position, it is consistent with our expectations for its financial measures through 2025,” S&P said in a statement.

The outlook is stable.

© 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.