S&P ups Ameren subsidiaries from junk

Standard & Poor's said it raised the long-term corporate credit ratings on Ameren Corp.'s subsidiaries Illinois Power Co., Central Illinois Public Service Co., Cilcorp Inc. and Central Illinois Light Co. to BBB- from BB.

The agency affirmed the BBB- ratings on Ameren, subsidiary Union Electric Co. and subsidiary Ameren Energy Generating Co.

The outlook is stable.

S&P said the upgrades on the Illinois subsidiaries reflect S&P's assessment that the regulatory and political environment in Illinois will be reasonably supportive of investment grade credit quality with regard to their pending rate cases.

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