Fitch lifts Duke Energy Carolinas to A

Fitch Ratings said it upgraded the issuer default rating of Duke Energy Carolinas LLC to A from A- and revised the outlook to stable from positive.

The agency also affirmed the issuer default ratings of Duke Energy Corp. and its other operating utilities as follows: Duke Energy Progress, LLC at A-; and Duke Energy Corp., Duke Energy Florida, LLC, Duke Energy Indiana, LLC, Duke Energy Ohio, LLC and Duke Energy Kentucky, LLC at BBB+.

The outlook of Duke Energy Indiana was revised to positive from stable.

Fitch said the upgrade of Duke Energy Carolinas’ issuer default rating reflects actual and projected leverage and interest coverage measures that are consistent with the higher ratings and compare favorably to other similarly rated utilities.

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