S&P affirms TXU

Standard & Poor's said it affirmed its BBB corporate credit rating on TXU Corp. The outlook remains negative.

S&P said the rating affirmation follows TXU's announcement that it is increasing its dividend and share buyback program.

S&P said that the company's announcement does not affect its rating on TXU at this time. The outlook remains negative pending the realization of an improved financial profile from ongoing debt and operating cost reductions and increased operating efficiency.

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