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Stock Market & Financial Investment News

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May 30, 2014
14:27 EDTPPLPPL Corp. reaffirms FY14 EPS view of $2.15-$2.30 following S&P ratings action
PPL Corp. noted that Standard & Poor's Rating Services lowered its corporate credit rating on the company's wholly owned subsidiary PPL Energy Supply from BBB to BB+ with a stable outlook. PPL does not expect the downgrade to have a material effect on PPL Energy Supply's financial condition and results of operations, it said. Consequently, PPL is affirming its forecast of 2014 ongoing EPS of $2.15-$2.30. Consensus $2.23.
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