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Credit Ratings

Duke Energy Corporation Fitch Report   Moody's Report   S&P Report
Outlook Stable  Stable Stable
Issuer Rating / Corporate
Credit Rating
BBB+  A3 BBB+
Senior Unsecured BBB+  A3 BBB
Junior Subordinated Debt BBB-  Baa1 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+  Aa2 A
Secured Unsecured A1 BBB+
Duke Energy Indiana Fitch Report   Moody's Report S&P Report
Outlook Stable 

Ratings Under Review

Stable
Senior Secured Aa3 A
Secured Unsecured A-  A2 BBB+
Duke Energy Ohio Fitch Report   Moody's Report S&P Report
Outlook Stable  Stable Stable
Senior Secured 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  Baa1 BBB
Duke Energy Progress Fitch Report   Moody's Report S&P Report
Outlook Stable 

Stable

Stable
Senior Secured A+  Aa2 A
Senior Unsecured A1 BBB+
Duke Energy Florida Fitch Report   Moody's Report S&P Report
Outlook Stable 

Stable

Stable
Secured Secured A1 A
Senior Unsecured A-  A3 BBB+

 

Credit Ratings History - Duke Energy (pdf, 83KB)

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.