NEW YORK (Standard&Poor's) April 30, 2013--Standard&Poor's Ratings Services said today that it raised its unsecured debt rating on DPL Inc. to 'BB' (same as the corporate credit rating) from 'BB-'. At the same time, we revised the recovery rating on this debt to '4' from '5', indicating our expectation of average (30% to 50%) recovery in the event of a payment default. The revised recovery rating on DPL's unsecured debt reflects an increase in value of the company's regulated transmission and distribution assets and an assumed decrease in higher priority debt at DP&L. Our analysis indicates that in our simulated default scenario, first-lien senior secured creditors would recover principal and six months of prepetition interest at
