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Fitch ups, withdraws Dayton Power short-term
Fitch Ratings said it upgraded Dayton Power & Light Co. short-term issuer default rating to F3 from B and simultaneously withdrew the rating.
No debt is affected by this action.
Fitch inadvertently affirmed the short-term issuer default rating when it upgraded the company's long-term issuer default rating to BBB- from BB+ in October 2017.
Because a BBB- long-term issuer default rating would correspond to an F3 short-term issuer default rating, Fitch upgraded the short-term issuer default rating to F3.
Simultaneously, the agency withdrew the short-term issuer default rating as there is no active commercial paper program.
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