Ameren Unit’s Bonds Downgraded by Fitch

Photo Courtesy of Ameren

Fitch Ratings downgraded bonds issued by Ameren Energy Generating by five notches today, saying the company’s business model is unsustainable.

Fitch had already downgraded the bonds by one notch on Dec. 21, a day after parent Ameren Corp. said it no longer considered merchant power generation a core business. The price of Genco bonds has plummeted since then. The shortest-term bonds, maturing in 2018, fell to 64 cents on the dollar today from 67 cents on Friday.

Read More in the St. Louis Post-Dispatch


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