Credit Ratings

Duke Energy Corporation	Fitch Report	Moody's Report	S&P Report
Outlook	Stable	Stable	Stable
Issuer Rating / Corporate Credit Rating	BBB+	Baa1	BBB+
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	Stable
Senior Secured	A+	Aa3	A
Secured Unsecured	A	A2	BBB+
Duke Energy Indiana	Fitch Report	Moody's Report	S&P Report
Outlook	Stable	Stable	Stable
Senior Secured	A	A1	A
Secured Unsecured	A-	A3	BBB+
Duke Energy Ohio	Fitch Report	Moody's Report	S&P Report
Outlook	Stable	Stable	Stable
Senior Secured	A	A2	A
Secured Unsecured	A-	Baa1	BBB+
Duke Energy Kentucky	Fitch Report	Moody's Report	S&P Report
Outlook	Stable	Stable	Stable
Secured Unsecured	A-	Baa1	BBB+
Progress Energy, Inc.	Fitch Report	Moody's Report	S&P Report
Outlook	Stable	Stable	Stable
Secured Unsecured	BBB	Baa2	BBB
Duke Energy Progress	Fitch Report	Moody's Report	S&P Report
Outlook	Stable	Stable	Stable
Senior Secured	A+	Aa3	A
Senior Unsecured	A	A2	BBB+
Duke Energy Florida	Fitch Report	Moody's Report	S&P Report
Outlook	Negative	Stable	Stable
Secured Secured	A	A2	A
Senior Unsecured	A-	Baa1	BBB+

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.

Please choose your state