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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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