EX-99.1 2 a09-33091_1ex99d1.htm EX-99.1

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

Fitch Upgrades Ratings for DPL Inc. and
The Dayton Power and Light Company

 

DAYTON, Ohio, November 3, 2009 — DPL Inc. (NYSE: DPL) today announced that Fitch Ratings raised its ratings for DPL and its principal subsidiary, The Dayton Power and Light Company.

 

“The rating upgrades reflect the positive steps that we have taken over the past several years to improve the company’s financial and risk profile,” said Paul Barbas, DPL president and CEO.

 

Ratings:

 

 

 

 

 

From

 

To

DPL Inc.

 

 

 

 

 

 

 

 

L-T Issuer Default Rating (IDR)

 

BBB+ / Positive

 

A- / Stable

 

 

Senior Unsecured

 

BBB+

 

A-

 

 

Short Term IDR

 

F2

 

F1

 

 

Junior subordinated debt

 

BBB

 

BBB+

 

 

 

 

 

 

 

The Dayton Power
and Light Company

 

 

 

 

 

 

 

 

L-T IDR

 

A- / Positive

 

A / Stable

 

 

Senior Secured

 

A+

 

AA-

 

 

Short Term IDR

 

F1

 

F1

 

 

Preferred Stock

 

A-

 

A

 

About DPL

 

DPL Inc. (NYSE:DPL) is a regional energy company.  DPL was named one of Forbes’ “100 Most Trustworthy Companies” in 2009.

 

DPL’s principal subsidiaries include The Dayton Power and Light Company (DP&L); DPL Energy, LLC (DPLE); and DPL Energy Resources, Inc. (DPLER).  DP&L, a regulated electric utility, provides service to over 500,000 retail customers in West Central Ohio; DPLE engages in the operation of merchant peaking generation facilities; and DPLER is a competitive retail electric supplier in Ohio, selling to major industrial and commercial customers. DPL, through its subsidiaries, owns and operates approximately 3,700 megawatts of generation capacity, of which 2,800 megawatts are low cost coal-fired units and 900 megawatts are natural gas and diesel peaking units.  Further information can be found at www.dplinc.com.

 

News Media Contact:

Investor Relations Contact:

DPL Media Line
(937) 224-5940

Craig Jackson, Assistant Treasurer
(937) 259-7033