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Published on 4/3/2018 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

Fitch cuts FirstEnergy Solutions on bankruptcy

Fitch Ratings said it downgraded the long-term issuer default ratings of FirstEnergy Solutions and its operating subsidiaries, FirstEnergy Generation, LLC and FirstEnergy Nuclear Generation, LLC, to D from CC following the March 31 filing for protection under Chapter 11 of the U.S. Bankruptcy Code.

The bankruptcy filing does not include FirstEnergy Corp. (FE: BBB-/stable), its operating utility subsidiaries or Allegheny Energy Supply (B/stable).


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