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DPL and Unit Ratings Still on CreditWatch After Resignation of Top Three Executives

Published May 17, 2004

644 words — Published May 17, 2004

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Abstract:

NEW YORK (Standard&Poor's) May 17, 2004--Standard&Poor's Ratings Services said today that its 'BB-' corporate credit ratings on DPL Inc. and its subsidiary, Dayton Power&Light Co. (DP&L), remain on CreditWatch with negative implications following the company's announcement of the resignation of its top three executives amid results of the company's internal probe of improper conduct that was alleged against them in March by the firm's controller. Utility holding company DPL and its utility affiliate, DP&L, are based in Dayton, Ohio. The company has about $2.6 billion of total debt outstanding. DPL's top three executives resigned effective immediately, and DPL's board of directors unanimously elected two current directors as nonexecutive chairman and nonexecutive vice chairman, as

Brief Excerpt:

RESEARCH DPL and Unit Ratings Still on CreditWatch After Resignation of Top Three Executives Publication date: 17-May-2004 NEW YORK (Standard & Poor's) May 17, 2004--Standard & Poor's Ratings Services said today that its '##-' corporate...

Report Type:

Ratings Action

Ticker

DPL

Issuer

DPL Inc.

GICS

Electric Utilities (55101010)

Sector

Global Issuers , Public Finance

Country

United States

Region

United States

Format:

HTML

DPL and Unit Ratings Remain on CreditWatch After Missing Filing Deadline – 2004/08/03 – US$ 150.00

Research Update: DPL Inc. – 2004/08/03 – US$ 225.00

DPL and Dayton Power&Light Ratings Affirmed, Removed From CreditWatch Negative – 2004/12/13 – US$ 150.00

Research Update: DPL and Unit Ratings Affirmed, Off CreditWatch Negative – 2004/12/13 – US$ 225.00

DPL Inc. – 2004/12/16 – US$ 500.00

Research Update: DPL Inc. – 2004/05/17 – US$ 225.00

DPL Inc., Dayton Power&Light Ratings Cut After Delay in Filing 10-K; Still Watch Neg – 2004/03/31 – US$ 150.00

Research Update: DPL Inc. – 2004/03/31 – US$ 225.00

DPL Inc., Dayton Power&Light Ratings Placed on Watch Neg After SEC Filing Delay – 2004/03/16 – US$ 150.00

Research Update: DPL Inc. – 2004/03/16 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "DPL and Unit Ratings Still on CreditWatch After Resignation of Top Three Executives" May 17, 2004. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/DPL-and-Unit-Ratings-Still-on-CreditWatch-After-Resignation-of-Top-Three-Executives-374892>

APA:	S&P Global Ratings’ Credit Research. (). DPL and Unit Ratings Still on CreditWatch After Resignation of Top Three Executives May 17, 2004. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/DPL-and-Unit-Ratings-Still-on-CreditWatch-After-Resignation-of-Top-Three-Executives-374892>

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