22.01.2014 19:33:00

FirstEnergy Corp. -- Moody's says FirstEnergy Corp.'s announced dividend reduction a credit positive; outlook remains negative

New York, January 22, 2014 -- FirstEnergy Corp.'s (FE: Baa3, negative outlook) announced 35% reduction in annual dividend to $1.44 per share from $2.20 per share reduces the company's annual payout by approximately $320 million; however, this credit positive action is not sufficient to trigger a revision of the company's outlook which remains negative.

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