NEW YORK (Standard&Poor's) Feb. 5, 2007--Standard&Poor's Ratings Services said today that it raised its corporate credit ratings on DPL Inc. and its regulated subsidiary, Dayton Power&Light Co., to 'BBB' from 'BB+'. The outlook is stable. Dayton, Ohio-based DPL has about $1.7 billion of debt outstanding. "The upgrade incorporates the prospect for continued improvement in the consolidated financial profile with further debt reduction and greater utility cash flow," said Standard&Poor's credit analyst Todd Shipman. "Falling business risk, centered on DPL's core electric utility operations, and receding concerns about the company's corporate governance also led to the higher ratings," said Mr. Shipman. Ratings stability for DPL is premised on full implementation of its strategy
