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Moody’s raises DPL debt to Ba2
Moody's Investors Service said it upgraded the senior unsecured debt ratings of DPL Inc. and Dolphin Sub II, Inc. (assumed by DPL) to Ba2 from Ba3.
The outlook remains positive.
"The upgrade of DPL is prompted by management's decision to use approximately 75% of the $239.1 million net proceeds from last week's disposal of 972.5 MW of peaking units to reduce parent company debt by 17% to nearly $895 million by 30 April 2018," Moody’s vice president, senior analyst Nati Martel said in a news release.
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