Our credit view of this issuer reflects its low business risk as a regulated T&D utility subject to PUCO and FERC purview, against its service territory economic challenges.
The credit profile of DP&L reflects weak financial metrics, growing capex, high and increasing debt balance against a credit supportive regulatory environment.
Our credit view of DP&L reflects its low business risk as a regulated T&D utility, constrained by a highly levered parent with weak financial metrics and the lack of ring-fence provisions.
Our credit view of DP&L reflects its low business risk profile as a regulated T&D utility subject to PUCO and FERC purview balanced offset by the group's highly levered capital structure.
Our credit view of Dayton Power&Light reflects low business risk, DPL's significant financial leverage, absence of ring-fence clauses and uncertain outcomes of pending regulatory proceedings
DP&L’s credit reflects the low business risk of its T&D operations balanced against the DPL group’s highly levered capital structure and the adverse regulatory developments within the Ohio.
The settlement agreement would allow the utility and its parent to improve their capital structure and insulate consolidated cash flows from declining load growth.