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CenterPoint Energy, Inc. -- Moody's assigns Baa3 rating to CenterPoint Energy's Series A preferred stock

Moody's Investors Service ("Moody's") has assigned a Baa3 rating to CenterPoint Energy, Inc.'s (CenterPoint, Baa1 senior unsecured) approximately $500 million issuance of Series A Preferred Stock. The proceeds from the issuance will be used to help fund a portion of CenterPoint's $8.5 billion acquisition of Vectren Corp. (Vectren, not rated) that is expected to close by 31 March 2019.