NEW YORK (Standard&Poor's CreditWire) May 2, 2001--Standard&Poor's today affirmed its ratings on DPL Inc. and its affiliates, Dayton Power&Light Co. and Dayton Ventures Inc. (see list below), and removed the ratings from CreditWatch with developing implications. The rating action follows the company's stated objective to remain as a stand-alone company. DPL intends to emphasize its regulated transmission and distribution operations and nonregulated power development, capitalizing on tight capacity conditions in the East Coast Area Reliability (ECAR) region. The outlook is stable. The ratings on DPL reflect the financial and business risk profile analysis of the consolidated enterprise, including utility subsidiary, Dayton Power&Light. DPL's credit quality reflects the expectation for improvement in its
