(Source: Business Wire)
DPL Inc. (NYSE: DPL) today announced that Fitch Ratings raised its
ratings for DPL and its principal subsidiary, The Dayton Power and Light
Company.
"The rating upgrades reflect the positive steps that we have taken over
the past several years to improve the company's financial and risk
profile," said Paul Barbas, DPL president and CEO.
Ratings:
From To
DPL Inc.
L-T Issuer Default Rating (IDR) BBB+ / Positive A- / Stable
Senior Unsecured BBB+ A-
Short Term IDR F2 F1
Junior subordinated debt BBB BBB+
The Dayton Power and Light Company
L-T IDR A- / Positive A / Stable
Senior Secured A+ AA-
Short Term IDR F1 F1
Preferred Stock A- A
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About DPL
DPL Inc. (NYSE:DPL) is a regional energy company. DPL was named one of Forbes'
"100 Most Trustworthy Companies" in 2009.
DPL's principal subsidiaries include The Dayton Power and Light Company
(DP&L); DPL Energy, LLC (DPLE); and DPL Energy Resources, Inc. (DPLER).
DP&L, a regulated electric utility, provides service to over 500,000
retail customers in West Central Ohio; DPLE engages in the operation of
merchant peaking generation facilities; and DPLER is a competitive
retail electric supplier in Ohio, selling to major industrial and
commercial customers. DPL, through its subsidiaries, owns and operates
approximately 3,700 megawatts of generation capacity, of which 2,800
megawatts are low cost coal-fired units and 900 megawatts are natural
gas and diesel peaking units. Further information can be found at www.dplinc.com.
A service of YellowBrix, Inc.
