EXC · 10-Q · 2026Q3 · Full report

Credit Rating Downgrades

EXELON CORP · 2026-10-30 · Importance 50 · Surprise 60

On April 30, 2026, S&P lowered BGE's long-term issuer and senior unsecured debt ratings from A to A-, and its short-term commercial-paper rating from A-1 to A-2. On July 15, 2026, Moody's lowered PECO's long-term issuer rating from A2 to A3, senior secured debt rating from Aa3 to A1, and short-term commercial-paper rating from P-1 to P-2. Exelon's filing states that a downgrade could increase credit-agreement fees and interest charges and could prompt counterparties to seek collateral.

Key facts

• The credit ratings for Exelon did not change during the nine months ended September 30, 2026.