Moody's rates Constellation bonds Baa2

Moody's Investors Service said it assigned a Baa2 rating to the planned series A junior subordinated debentures due 2068 to be issued by Constellation Energy Group, Inc.

The outlook is negative.

Proceeds will be used for general corporate purposes.

Constellation's Baa1 senior unsecured rating reflects its complex unregulated business lines and marginally acceptable credit metrics, the agency said.

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