Moody’s Upgrades Constellation’s Credit Rating as Policy Support and Growing Demand for Clean Energy Fuel Strong Financial Performance
Constellation Energy Corporation (CEG)
Company Research
Source: Business Wire
Company’s long-term outlook improves with nuclear production tax credit and market recognition that nuclear energy is essential to clean energy transition BALTIMORE--(BUSINESS WIRE)--Constellation’s credit rating has been upgraded by the credit rating firm Moody’s Investor Services (“Moody’s”) based on the company’s improved debt coverage metrics and strong financial performance driven by climate policies that recognize the value of nuclear as a reliable clean energy resource. Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward. The largest producer of carbon-free energy in the U.S., Constellation has exceeded financial expectations since launching as an independent company two years ago. The upgrade by Moody’s follows two similar upgrades by ratings firm S&P Global Ratings (S&P) since the company separated from Exelon Corp. in
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CEG
Earnings
- 2/27/24 - Miss
CEG
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- CEG's page on the SEC website