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Credit Ratings

Duke Energy Corporation pdfFitch Report pdf Moody's Report pdf S&P Report
Outlook Watch-N Negative Negative
Issuer Rating / Corporate
Credit Rating
BBB+ Baa1 A-
Senior Unsecured BBB+ Baa1 BBB+
Junior Subordinated Debt BBB- Baa2 BBB
Commercial Paper F-2 P-2 A-2
Duke Energy Carolinas Fitch Report Moody's Report S&P Report
Outlook Stable Stable Negative
Senior Secured AA- Aa2 A
Senior Unsecured A+ A1 A-
Progress Energy, Inc. Fitch Report Moody's Report See consolidated S&P report above
Outlook Stable Stable Negative
Senior Unsecured BBB Baa2 BBB+
Duke Energy Progress Fitch Report Moody's Report S&P Report
Outlook Stable Stable Negative
Senior Secured A+ Aa3 A
Duke Energy Florida Fitch Report pdf Moody's Report S&P Report
Outlook Stable Stable Negative
Secured Secured A A1 A
Senior Unsecured A- A3 A-
Duke Energy Ohio Fitch Report Moody's Report See consolidated S&P report above
Outlook Stable Stable Negative
Senior Secured A A2 A
Senior Unsecured A- Baa1 A-
Duke Energy Indiana Fitch Report Moody's Report S&P Report
Outlook Positive Stable Negative
Senior Secured A Aa3 A
Senior Unsecured A- A2 A-
Duke Energy Kentucky Fitch Report Moody's Report See consolidated S&P report above
Outlook Stable Stable Negative
Senior Unsecured A- Baa1 A-
What is a credit rating? An independent opinion from a credit rating agency about the likelihood a debt issuer will meet its financial obligations (i.e., creditworthiness).
Credit Quality Moody's Fitch / S&P
Highest Aaa AAA
High Aa AA
Upper Medium A A
Moderate Baa BBB
Note: Fitch and S&P use the credit rating modifiers + and - to indicate relative standing within a particular rating category. Moody's uses the numbers 1, 2 and 3 to indicate relative standing, with the numbers 1 and 3 corresponding to the + and - of S&P.
Visit S&P's Understanding Ratings or Moody's Ratings Definitions for more information.