Moody's upgrades PPL credit rating following company's strategic repositioning and acquisition of The Narragansett Electric Company
PPL Corporation (PPL)
Last ppl corporation earnings: 2/14 08:00 am
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Source: PR Newswire
Moody's cites improved overall business risk profile of PPL's U.S.-focused regulated portfolioALLENTOWN, Pa., June 7, 2022 /PRNewswire/ -- Moody's Investors Service on Monday upgraded the investment-grade credit ratings of PPL Corporation (NYSE: PPL) and PPL Capital Funding, Inc., following PPL's recent acquisition of The Narragansett Electric Company, which is now doing business as Rhode Island Energy.The national credit rating service upgraded the ratings of PPL, including its issuer rating, and PPL Capital Funding, including its senior unsecured rating, to Baa1 from Baa2. Moody's also upgraded Narragansett Electric's senior unsecured and issuer ratings to A3 from Baa1 and preferred stock securities rating to Baa2 from Baa3."These ratings upgrades reflect the improved financial strength of the new PPL following the sale of our U.K. utility business in 2021 and our recent acquisition of Narragansett Electric," said PPL President and Chief Executive Officer Vincent Sorgi."As a result
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PPL
News
- PPL Co. (NYSE: PPL) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- PPL (PPL) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- PPL Corporation (NYSE:PPL) is largely controlled by institutional shareholders who own 77% of the company [Yahoo! Finance]Yahoo! Finance
- 2023 Sustainability Report highlights PPL's utility of the future strategy [Yahoo! Finance]Yahoo! Finance
- 2023 Sustainability Report highlights PPL's utility of the future strategyPR Newswire
PPL
Earnings
- 2/16/24 - Beat
PPL
Sec Filings
- 4/17/24 - Form 4
- 4/15/24 - Form 4
- 4/3/24 - Form ARS
- PPL's page on the SEC website