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Published on 5/13/2009 in the Prospect News Investment Grade Daily.

S&P keeps Constellation on watch

Standard & Poor's said the BBB long-term corporate credit ratings on Constellation Energy Group Inc. and subsidiary Baltimore Gas & Electric Co. remain on CreditWatch with negative implications.

The watch depends on Constellation's ability to complete the Electricite' de France International transaction, according to the agency. The watch indicates the company is not insulated from activities of the parent, S&P said.


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