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BRIEF-S&P lowers Illinois Power Generating Co rating to 'CC' on restructuring announcement
October 19, 2016 / 10:10 PM / a year ago

BRIEF-S&P lowers Illinois Power Generating Co rating to 'CC' on restructuring announcement

Oct 19 (Reuters) - S&P Global Ratings:

* Illinois Power Generating Co rating lowered to ‘CC’ on restructuring announcement

* ‘CC’ rating reflects IPG and IPH’s announced intention to undertake a debt exchange that we consider distressed

* Negative outlook indicates high likelihood that IPH, IPG will effect debt exchange soon, through out-of-court exchange or prepacked bankruptcy process Source text (bit.ly/2etH2NM)

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