Fitch rates Constellation notes BBB

Fitch Ratings said it assigned a rating of BBB to Constellation Energy Group, Inc.'s (issuer default rating of BBB+) issuance of junior subordinated notes.

The outlook is stable.

Proceeds will be used for general corporate purposes.

Fitch said it believes the issue supports credit quality because it increases the amount of liquidity. The agency said it believes the biggest risk to the company's ratings is a liquidity event.

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