Moody's affirms PPL Energy

Moody's Investors Service said it affirmed the Baa2 senior unsecured rating of PPL Energy Supply, LLC and maintained the company's stable outlook.

Concurrent with this rating action, Moody's said it affirmed the Baa3 issuer rating at PPL Corp. along with the Baa3 senior unsecured ratings of PPL Capital Funding, Inc. PPL guarantees PPL Capital Funding's obligations.

The outlook for PPL and PPL Capital Funding is stable.

Moody's said the Baa2 senior unsecured rating for PPL Supply reflects a relatively strong competitive position in two different power markets, a fairly smooth transition to market rates for generation in Pennsylvania, an expectation for fairly consistent credit metrics and a balanced fuel mix.

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