S&P affirms Ameren

Standard & Poor's said it affirmed its A- long-term corporate credit ratings on Ameren Corp. and its subsidiaries, Union Electric Co., Central Illinois Public Service Co., Cilcorp Inc., Central Illinois Light Co., and AmerenEnergy Generating Co., and removed the ratings from CreditWatch with negative implications.

The A-2 short-term corporate credit ratings on Ameren and Union Electric were not on CreditWatch. The outlook is negative.

The long-term ratings were originally placed on CreditWatch Feb. 3 after Ameren agreed to purchase the stock of Illinois Power Co. and a 20% interest in Electric Energy Inc. from Dynegy Inc. The B corporate credit rating on Illinois Power, whose credit profile is much weaker that that of Ameren, remains on CreditWatch with positive implications.

The rating action is the result of management's demonstrated commitment to supporting its credit quality in the course of acquiring the much weaker Illinois Power.

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