Fitch upgrades Ameren

Fitch Ratings said it has upgraded the long-term issuer default rating of Ameren Corp. by one notch to BBB+ from BBB.

Fitch said it has also upgraded the long-term issuer default rating of Ameren Illinois Co. by one notch to BBB from BBB-.

The agency has also upgraded Ameren Illinois' short-term issuer default rating to F2 from F3 and affirmed Ameren's short-term issuer default ratings at F2.

The ratings upgrade reflects reduced business risk due to the divestiture of the merchant business; and robust financial performance, the agency noted.

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