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As of April 24, 2013 the major credit rating agencies rate the Companies’ securities as follows: |
Great Plains Energy |
Moody's |
Standard |
Outlook |
Stable |
Positive |
Corporate Credit Rating |
- |
BBB |
Preferred Stock |
Ba2 |
BB+ |
Senior Unsecured Debt |
Baa3 |
BBB- |
KCP&L |
||
Outlook |
Stable |
Positive |
Senior Secured Debt |
A3 |
A– |
Senior Unsecured Debt |
Baa2 |
BBB |
Commercial Paper |
P-2 |
A-2 |
GMO |
||
Outlook |
Stable |
Positive |
Senior Unsecured Debt (a) |
Baa3 |
BBB |
Commercial Paper |
P-3 |
A-2 |
(a) reflects Great Plains Energy guarantee
These ratings reflect the current views of these rating agencies and no assurances can be given that these ratings will continue for any given period of time. The Companies view maintenance of strong credit ratings as being extremely important; however, and to that end, an active and ongoing dialogue is maintained with the agencies with respect to the Companies' results of operations, financial position, and future prospects.