Moody's ups DTE Energy Center

Moody's Investors Service said it upgraded the rating of DTE Energy Center, LLC's, roughly $200 million of senior secured bonds ($244 million original issue) due 2024 to Ba1 from Ba2.

The outlook is stable.

Moody's said the upgrade reflects the improved financial profile of its sole customer, Chrysler Group LLC, as evidenced by the agency's recent upgrade of its corporate family rating to B1 from B2 and its first-lien senior secured credit facilities to Ba1 from Ba2.

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