Research Update: DPL Inc. And Subsidiary Dayton Power&Light Co. Upgraded To 'BB' And Placed On CreditWatch Positive - S&P Global Ratings’ Credit Research

Research Update: DPL Inc. And Subsidiary Dayton Power&Light Co. Upgraded To 'BB' And Placed On CreditWatch Positive

Research Update: DPL Inc. And Subsidiary Dayton Power&Light Co. Upgraded To 'BB' And Placed On CreditWatch Positive - S&P Global Ratings’ Credit Research
Research Update: DPL Inc. And Subsidiary Dayton Power&Light Co. Upgraded To 'BB' And Placed On CreditWatch Positive
Published Dec 20, 2017
5 pages (1663 words) — Published Dec 20, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Dayton, Ohio-based utility holding company DPL Inc. announced that it has entered a definitive agreement to sell its remaining gas-fired generation assets to Kimura Power LLC for $241 million in cash. DPL will use the proceeds primarily to repay debt and fund future investments. We are raising our issuer credit ratings on DPL Inc. and subsidiary Dayton Power&Light Co. (DP&L) to 'BB' from 'BB-' and placing the ratings on CreditWatch with positive implications. We are also raising the ratings on DPL's senior unsecured debt to 'BB' from 'BB-' and on DP&L's senior secured debt to 'BBB' from 'BBB-' and placing the ratings on CreditWatch with positive implications. The '1+' recovery rating on DP&L's senior secured debt and '4'

  
Brief Excerpt:

...Dayton, Ohio-based utility holding company DPL Inc. announced that it has entered a definitive agreement to sell its remaining gas-fired generation assets to Kimura Power LLC for $241 million in cash....

  
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:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: DPL Inc. And Subsidiary Dayton Power&Light Co. Upgraded To 'BB' And Placed On CreditWatch Positive" Dec 20, 2017. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-DPL-Inc-And-Subsidiary-Dayton-Power-Light-Co-Upgraded-To-BB-And-Placed-On-CreditWatch-Positive-1974574>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: DPL Inc. And Subsidiary Dayton Power&Light Co. Upgraded To 'BB' And Placed On CreditWatch Positive Dec 20, 2017. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-DPL-Inc-And-Subsidiary-Dayton-Power-Light-Co-Upgraded-To-BB-And-Placed-On-CreditWatch-Positive-1974574>
  
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