S&P raises Rochester Gas

Standard & Poor's said it raised the corporate credit rating on Rochester Gas & Electric Corp. to BBB+ from BBB, the senior secured debt rating to A from A- and the senior unsecured debt rating to BBB+ from BBB.

The recovery rating on the senior secured debt remains unchanged at 1+.

The outlook is stable.

"The upgrades reflect an improvement in financial measures, which we expect the company to maintain over the intermediate term," said S&P credit analyst Matthew O'Neill in a news release, "and a business profile that has benefited from constructive regulatory outcomes."

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