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Research Update: DPL And Unit Upgraded Two Notches To 'BBB' Due To Reduced Debt And Better Cash Flow

Published Feb 05, 2007

797 words — Published Feb 05, 2007

Price US$ 225.00 | Buy this Report Now

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Abstract:

On Feb. 5, 2007, Standard&Poor's Ratings Services raised its corporate credit ratings on DPL Inc. and its regulated subsidiary, Dayton Power&Light Co. (DP&L), to 'BBB' from 'BB+'. Standard&Poor's also raised its ratings two notches on all the debt ratings of both entities, except for the rating on DP&L's first mortgage bonds, which were raised one notch to 'BBB+' due to more stringent guidelines for secured debt ratings for investment-grade companies. The outlook is stable. Dayton, Ohio-based DPL has about $1.7 billion of debt outstanding. The rating action incorporates the prospect for continued improvement in the consolidated financial profile with further debt reduction and greater utility cash flow. Falling business risk, centered on DPL's core

Brief Excerpt:

RESEARCH Research Update: DPL And Unit Upgraded Two Notches To '###' Due To Reduced Debt And Better Cash Flow Publication date: 05-Feb-2007 Rationale On Feb. 5, 2007, Standard & Poor's Ratings Services raised its corporate credit ratings...

Report Type:

Research Update

Ticker

DPL

Issuer

DPL Inc.

GICS

Electric Utilities (55101010)

Sector

Global Issuers , Public Finance

Country

United States

Region

United States

Format:

HTML

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: DPL And Unit Upgraded Two Notches To 'BBB' Due To Reduced Debt And Better Cash Flow" Feb 05, 2007. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-DPL-And-Unit-Upgraded-Two-Notches-To-BBB-Due-To-Reduced-Debt-And-Better-Cash-Flow-560612>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: DPL And Unit Upgraded Two Notches To 'BBB' Due To Reduced Debt And Better Cash Flow Feb 05, 2007. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-DPL-And-Unit-Upgraded-Two-Notches-To-BBB-Due-To-Reduced-Debt-And-Better-Cash-Flow-560612>

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