Moody's lifts Florida Power to A1

Moody's Investors Service said it upgraded the ratings of Florida Power & Light Co., including its long-term issuer rating to A1 from A2.

The outlook is stable.

Moody's said the primary driver of the rating action was its more favorable view of the relative credit supportiveness of the U.S. regulatory environment.

"FPL is one of the strongest regulated electric utilities in the U.S., enjoying a return to a highly supportive regulatory environment and growth in its service territory," Moody's senior vice president Mihoko Manabe said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.