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Published on 6/24/2021 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch gives CMS Energy preferreds BB+

Fitch Ratings said it gave a BB+ rating to CMS Energy Corp.'s issuance of cumulative perpetual preferred stock. CMS’ issuer rating is BBB.

CMS will use the proceeds for general corporate purposes, including working capital and repayment of indebtedness.

The outlook is stable.


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