S&P raises ComEd

S&P said it raised Commonwealth Edison Co.’s issuer credit rating to A- from BBB+ and its junior subordinated debt rating to BBB from BBB-. The 1+ recovery rating on the debt is unchanged.

The upgrades follow ComEd completing its three-year deferred prosecution agreement and the dismissal of the bribery charge against the company, S&P said.

Concurrently, “We affirmed our ratings on Exelon and subsidiary PECO Energy Co. (PECO), including the BBB+ ICRs, and maintained the positive outlooks. We also affirmed our ratings on Baltimore Gas & Electric Co. (BGE), including the A ICR, and maintained the stable outlook,” the agency said in a press release.

The outlook is stable.

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