Company: AILIM
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001002910-25-000098
Chunk: 131

Company: Ameren Illinois Co
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 131
---
 impacts of regulatory orders or legislation, and other key business considerations. Ameren expects its dividend payout ratio to be between 55% and 65% of annual earnings over the next few years.

61

See Note 4 – Short-term Debt and Liquidity and Note 5 – Long-term Debt and Equity Financings under Part II, Item 8, of the Form 10-K for additional discussion of covenants and provisions contained in certain of the Ameren Companies’ financial agreements and articles of incorporation that would restrict the Ameren Companies’ payment of dividends in certain circumstances. At March 31, 2025, none of these circumstances existed at Ameren, Ameren Missouri, or Ameren Illinois and, as a result, these companies were not restricted from paying dividends.

The following table presents common stock dividends declared and paid by Ameren Corporation to its common shareholders and by Ameren subsidiaries to their parent, Ameren Corporation, for the three months ended March 31, 2025 and 2024:

Three Months20252024Ameren$191 $178 Ameren Missouri50 — Ameren Illinois75 — ATXI15 — 

Credit Ratings

Our credit ratings affect our liquidity, our access to the capital and credit markets, our cost of borrowing under our credit facilities and our commercial paper programs, and our collateral posting requirements under commodity contracts.

The following table presents the principal credit ratings by Moody’s and S&P, as applicable, effective on the date of this report:

Moody’sS&PAmeren:Issuer/corporate credit ratingBaa1BBB+Senior unsecured debtBaa1BBBCommercial paperP-2A-2Ameren Missouri:Issuer/corporate credit ratingBaa1BBB+Secured debtA2ASenior unsecured debtBaa1Not RatedCommercial paperP-2A-2AMF securitized utility tariff bondsAaaAAAAmeren Illinois:Issuer/corporate credit ratingA3BBB+Secured debtA1ASenior unsecured debtA3BBB+Commercial paperP-2A-2ATXI:Issuer credit ratingA2Not RatedSenior unsecured debtA2Not Rated

A credit rating is not a recommendation to buy, sell, or hold securities. It should be evaluated independently of any other rating. Ratings are subject to revision or withdrawal at any time by the rating organization.

Collateral Postings

Any weakening of