Moody’s changes Alliant, IP&L, WP&L to negative

Moody's Investors Service said it affirmed Alliant Energy Corp.’s Baa1 senior unsecured ratings, Interstate Power and Light Co.’s Baa1 senior unsecured ratings and Wisconsin Power & Light Co.’s A2 senior unsecured ratings and changed their outlooks to negative from stable.

"The negative outlook on the Alliant family's ratings reflects our expectation that its financial ratios will remain lower for longer as a result of incremental debt being issued to help fund an aggressive capital expenditure program, limited equity financing, as well as weaker operating cash flows," Moody’s assistant vice president, analyst Lesley Ritter said in a news release.

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