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S&P cuts Exelon Generation
S&P said it lowered Exelon Generation Co. LLC and its senior unsecured debt rating to BBB from BBB+.
Exelon Corp. is conducting a strategic review of its corporate structure that could include a potential separation of Exelon Generation Co. LLC (ExGen) from Exelon. “As a result, we are reassessing our view of the strategic relationship between Exelon and ExGen to moderately strategic from core,” the agency said in a press release.
S&P affirmed its ratings on Exelon Corp., including its BBB+ issuer rating.
The outlook is negative.
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