NEW YORK (Standard&Poor's) Sept. 17, 2009--Standard&Poor's Ratings Services assigned its 'BBB' ratings to Exelon Generation Co. LLC's (ExGen) $600 million and $900 million senior unsecured notes due 2019 and 2039, respectively. ExGen plans to use net proceeds to refinance its $700 million 6.95% notes due 2011 and make a distribution to parent Exelon Corp. to cash tender its outstanding $500 million 6.75% senior notes due 2011. Remaining proceeds will be used to fund ExGen's repurchase of about $307 million of pollution control bonds earlier in September. ExGen's 'BBB' corporate credit ratings reflect Exelon's consolidated credit quality. Exelon's business profile reflects the higher-risk business risk profile of unregulated supply affiliate ExGen and the excellent business risk profiles
