Moody's: PSEG view stable

Moody's Investors Service said it affirmed Public Service Enterprise Group Inc.'s Baa2 senior unsecured rating and Public Service Electric and Gas Co.'s Baa1 issuer rating.

The outlook was changed to stable from negative.

The Baa1 senior unsecured rating of PSEG Power LLC and Ba3 corporate family rating of PSEG Energy Holdings LLC are unaffected.

Moody's said the change in PSEG's outlook reflects recent improvements in its key financial ratios.

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