Standard & Poor's assigned its BBB-plus long-term rating and stable outlook to Philadelphia Gas Works' revenue refunding bonds, the 20th series under the 1975 ordinance and 10th series under the 1998 ordinance.

Moody's Investors Service, meanwhile, affirmed its Baa2 rating on the 1975 and 1998 senior general ordinance bonds and affirmed its Baa3 on the 1998 subordinate general ordinance bonds.

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