Deal could trigger downgrade for E.ON US and subsidiaries

Pauline McCallion
29 Apr 2010

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Moody's Investors Service placed the ratings of E.ON US and its subsidiaries Kentucky Utilities Company (KU) and Louisville Gas and Electric Company (LGE) under review for possible downgrade after the acquisition announcement yesterday.

“E.ON’s size, scale and credit profile has provided the utilities with liquidity and financial flexibility in the form of significant inter-company funding, along with a liberal and flexible dividend policy that has strengthened their respective financial

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