Moody's keeps Constellation on review

Moody's Investors Service said Constellation Energy Group, Inc.'s Baa2 senior unsecured remain under review for downgrade following the announcement that a subsidiary of Electricite de France SA (Aa1 senior unsecured rating, under review for downgrade) submitted an unsolicited bid to acquire 50% ownership of Constellation's nuclear generating assets for $4.5 billion.

The continued review reflects the additional uncertainty on how Constellation's board of directors may react to the proposal, according to the agency.

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