EX-99.1 2 a09-17189_1ex99d1.htm EX-99.1

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

Moody’s Investors Service Upgrades DPL Inc. and
Dayton Power and Light Company Ratings

 

DAYTON, Ohio, June 26, 2009 – DPL Inc. (NYSE: DPL) today announced that Moody’s Investors Service raised its ratings on DPL and its principal subsidiary, The Dayton Power and Light Company.

 

“We are very pleased with today’s announcement,” said Paul Barbas, DPL President and Chief Executive Officer.  “It reflects the positive steps that we have taken over the past several years to improve the company’s financial and risk profile.”

 

Ratings:

 

 

 

 

 

From

 

To

DPL Inc.

 

 

 

 

 

 

 

 

Issuer Rating

 

A3 / Positive

 

A2 / Stable

 

 

Senior Unsecured

 

Baa2

 

Baa1

 

 

Capital Trust II

 

Baa3

 

Baa2

 

 

 

 

 

 

 

The Dayton Power & Light Company

 

 

 

 

 

 

 

 

Senior Secured

 

A2

 

A1

 

 

Issuer Rating

 

A3 / Positive

 

A2 / Stable

 

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 514,000 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 3,750 megawatts of generation capacity, of which 2,850 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