Moody’s stabilizes Exelon Generation view

Moody’s Investors Service said it revised Exelon Generation Co. LLC’s outlook to stable from negative and affirmed its Baa2 senior unsecured and issuer ratings.

“The action considers the business strategy and financing plan outlined by the company in anticipation of its Feb. 1 spinoff from its parent company, Exelon Corp. (Exelon, Baa2 stable). Exelon Generation Co., LLC will be renamed Constellation Energy Generation, LLC (Constellation). Constellation Energy Corp., a newly formed entity, will be the parent holding company of Constellation Energy Generation, LLC,” Moody’s said in a press release.

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