S&P ups DPL debt to BB

Standard & Poor's said it raised its unsecured debt rating on DPL Inc. to BB (same as the corporate credit rating) from BB-.

At the same time, S&P revised the recovery rating on this debt to 4 from 5, indicating the expectation of average (30% to 50%) recovery in the event of a payment default.

S&P said the ratings reflect the company's consolidated credit profile, which includes its association with the weaker credit quality of its parent, AES Corp.

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