Moody's may lower Ameren

Moody's Investors Service said it placed Ameren Energy Generating Co.'s Ba2 senior unsecured ratings on review for possible downgrade.

The agency also said it affirmed the Baa3 senior unsecured ratings and stable outlook of Ameren Corp., along with its prime-3 short-term commercial-paper rating.

The ratings reflect the company's constrained liquidity position resulting from severe restrictions on external borrowings that are being triggered by the company's declining coverage metrics, Moody's said.

The restriction on additional borrowings includes borrowings under its $500 million bank credit facility, the company's main external source of liquidity, the agency said.

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