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Summary: Constellation Energy Group Inc.
Standard & Poors, May 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services' corporate credit ratings on Constellation Energy Group Inc. are on CreditWatch with positive implications. Ratings of utility subsidiary Baltimore Gas & Electric Co. (BGE), are 'BBB+'. Our outlook on BGE's rating is stable. We placed Constellation's rating on CreditWatch with positive implications on April 28, 2011, following Exelon Corp's (BBB/Stable/A-2) announcement that it has agreed to merge with Constellation in a stock-for-stock transaction. Exelon expects to use net proceeds (after tax) from the divestiture of about 2,650 megawatts (MW) of generation assets to offset future incremental debt funding as well as to fund growth projects. The transaction will require the approval of the Federal Energy Regulatory Commission, the Nuclear Regulatory Commission, the Department of Justice,...
Companies mentioned in this report are: Constellation Energy Group Inc.
Constellation Energy Group Inc.