S&P may up PPL, affirms E.ON U.S.

Standard & Poor's said it affirmed the BBB+ corporate credit ratings on E.ON U.S. and its subsidiaries Louisville Gas & Electric and Kentucky Utilities following the announcement that PPL Corp. plans to acquire E.ON U.S. for $7.625 billion in cash.

The outlook is stable.

The agency said it placed the BBB corporate credit ratings on PPL and affiliate PPL Energy Supply LLC on CreditWatch with positive implications.

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