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Published on 5/17/2006 in the Prospect News Convertibles Daily.

Fitch affirms Ameren

Fitch Ratings said it affirmed the ratings of Ameren Corp. and its subsidiaries: Union Electric Co., Ameren Energy Generating, Central Illinois Public Service Co., Cilcorp, Inc, Central Illinois Light Co. and Illinois Power Co.

The outlook for AmerenCIPS is revised to negative from stable. The outlook for the other companies is stable.

Fitch said the ratings of Ameren Corp. consider the strong earnings and cash flow from its regulated utilities and moderate leverage.

Concerns exist relating to uncertainty of the regulatory treatment of Ameren's three Illinois utility subsidiaries, the agency said.


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