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Kansas Gas & Electric Co. Assigned 'A-2' Short-Term Rating

NEW YORK (S&P Global Ratings) Dec. 10, 2018-- S&P Global Ratings today 
assigned its 'A-2' short-term issuer credit rating to U.S. utility company 
Kansas Gas & Electric Co. (KGE). We base our rating on our long-term issuer 
credit rating of 'A-' on the company.

We assess KGE to be a core subsidiary of Evergy Inc. (A-/Stable/A-2), 
reflecting our view that KGE is successful and a significant contributor to 
the group, is highly unlikely to be sold, is integral to the overall group 
strategy, and has a strong long-term commitment from senior management. There 
are no meaningful insulation measures in place that protect KGE from its 
parent and, therefore, our issuer credit rating on KGE is in line with 
Evergy's group credit profile of 'a-'.

For the issuer credit rating rationale, see the research update on Evergy 
published July 19, 2018.

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Disclaimers: AC Investment Inc. currently does not act as an equities executing broker, credit rating agency or route orders containing equities securities. In our Machine Learning experiment, we focus on an approach known as Decision making using game theory. We apply principles from game theory to model the relationships between rating actions, news, market signals and decision making.The rating information provided is for informational, non-commercial purposes only, does not constitute investment advice and is subject to conditions available in our Legal Disclaimer. Usage as a credit rating or as a benchmark is not permitted.

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