Moody’s revises UIL Holdings to positive

Moody's Investors Service said it affirmed the Baa2 long-term issuer rating of UIL Holdings Corp. and changed its outlook to positive.

"UIL's positive outlook reflects the improving credit profile of its utility subsidiaries, as well as its ownership by Avangrid, and the increased financial flexibility associated therewith," Moody’s analyst Lesley Ritter said in a news release.

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