DPL Inc.'s business risk profile remains "satisfactory" and its financial risk profile is "aggressive" We are affirming our 'BB' corporate credit rating on DPL and its subsidiary Dayton Power&light Co. We also are affirming our 'BB' senior unsecured debt rating on DPL Inc. At the same time, we revised our recovery rating to '3' from '4', indicating our expectation of meaningful (50% to 70%) recovery in the event of a payment default. The outlook is stable The revised recovery rating on DPL's senior unsecured debt reflects the company's progress against its strategy to lower its debt as part of its plan to separate its generation assets. The stable outlook on DPL Inc. reflects our baseline forecast that adjusted
