S&P: Exelon still on watch

Standard & Poor's said the BBB long-term corporate credit rating on Exelon Corp., Exelon Generation Co. LLC and PECO Energy Co. remain on CreditWatch with negative implications following Exelon's revised offer to acquire NRG Energy Inc. (BB-/Watch positive/B-2).

The watch reflects Exelon's willingness to weaken its business risk profile by acquiring a merchant power generation company with a weaker business profile and considerably greater leverage, according to the agency.

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