Moody's lifts Baltimore Gas, Commonwealth Edison

Moody's Investors Service said it upgraded the senior unsecured ratings of Baltimore Gas & Electric Co. to A3 from Baa1, Commonwealth Edison Co. to Baa1 from Baa2 and PECO Energy Co. to A2 from A3.

Moody's also upgraded the short-term rating at PECO to Prime 1 from Prime 2.

The outlooks are stable.

"Exelon's three electric transmission and distribution utilities are financially secure and operate under supportive regulatory environments in Maryland, Illinois and Pennsylvania. All three jurisdictions provide a good suite of timely cost recovery mechanisms," Moody's associate managing director Jim Hempstead said in a news release.

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