10.01.2013 21:35:00
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Ameren Energy Generating Company -- Moody's downgrades Ameren Genco senior unsecured rating to B2 and assigns Ameren Genco a Corporate Family Rating of B2; ratings under review for further downgrade
New York, January 10, 2013 -- Moody's Investor Services today downgraded Ameren Energy Generating Company (Ameren Genco)'s senior unsecured rating to B2 from Ba3. At the same time, Ameren Genco was assigned a Corporate Family Rating (CFR) and Probability of Default Rating of B2. The downgrade follows the announcement on December 20, 2012, which triggered the review for downgrade, that Ameren Genco's parent company, Ameren Corp. (Ameren; Baa3/stable), will reduce and eventually eliminate support to Ameren Genco. Ameren Genco's ratings remain under review for further downgrade, pending additional clarity regarding the pace of the support withdraw.