Company: AILIM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001002910-25-000129
Chunk: 42

Company: Ameren Illinois Co
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 42
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 would restrict the Ameren Companies’ payment of dividends in certain circumstances. At September 30, 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 nine months ended September 30, 2025 and 2024:

Nine Months20252024Ameren$576 $535 Ameren Missouri125 — Ameren Illinois185 50 ATXI49 — 

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

72

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 our credit ratings may reduce access to capital and trigger additional collateral postings and prepayments. Such changes may also increase the cost of borrowing, resulting in an adverse effect on earnings. Cash collateral postings and prepayments made with external parties were immaterial and cash collateral posted by external parties were $58 million for Ameren and Ameren Illinois at September 30, 2025. A sub-investment-grade issuer or senior unsecured debt rating (below “Baa3” from Moody’s or below “BBB-” from