- Published: May 2012
- Region: United States
Summary: Constellation Energy Group Inc. Dec 11
- Published: December 2011
- Standard & Poors
Standard & Poor's Ratings Services' corporate credit ratings on Constellation Energy Group Inc. remain on CreditWatch, where they were placed with positive implications on April 28, 2011. The rating on its utility subsidiary, Baltimore Gas & Electric Co. (BGE), is 'BBB+', with a stable outlook. The CreditWatch placement on our rating on Constellation followed Exelon Corp.'s (BBB/Stable/A-2) announcement that it had agreed to merge with Constellation in a stock-for-stock transaction. The transaction will require the approval of the Federal Energy Regulatory Commission (FERC0, the Nuclear Regulatory Commission (NRC), the Department of Justice (DoJ), and the regulatory commissions of Maryland, New York, and possibly other regulatory bodies. The Public Utilities Commission of Texas approved the merger on Aug. 3 and the...
Companies mentioned in this report are: Constellation Energy Group Inc.,Baltimore Gas & Electric Co.
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.
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Constellation Energy Group Inc.,Baltimore Gas & Electric Co.