New York, October 14, 2015 -- Moody's Investors Service ("Moody's") today assigned PPL Capital Funding, Inc. a short-term commercial paper rating of Prime-2 (P-2), which will apply to the company's new $600 million commercial paper (CP) program. The notes issued under the CP program will be unconditionally guaranteed by PPL Corp. (PPL), which has a long-term issuer rating of Baa2 and a stable rating outlook.

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