Moody's may boost Alliant Energy, Interstate Power and Light

Moody's Investors Service said it placed the long term ratings for Alliant Energy Resources, Inc. (AER, Baa2 senior unsecured) and Interstate Power and Light Co. (IP&L, Baa1 senior unsecured) under review for possible upgrade.

The agency noted that AER is an intermediate holding company for Alliant Energy Corp.'s (Alliant) non-regulated activities and its rating is based upon the unconditional guarantee of payment by Alliant, while IP&L is a wholly owned, vertically integrated electric utility subsidiary of Alliant.

Moody's said it also affirmed the long-term ratings for Wisconsin Power and Light Co. (WP&L, A2 senior unsecured), which is Alliant's other electric utility subsidiary and the short term ratings for commercial paper for Alliant, IP&L and WP&L.

The outlook for WP&L remains stable.

The review for possible upgrade reflects continued debt reduction and further improvement in Alliant's consolidated credit profile, Moody's said.

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