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Moody’s ups, pulls Gulf Power
Moody’s Investors Service said it upgraded Gulf Power Co.’s senior unsecured debt rating to A1 from A2 and withdrew its A2 issuer rating.
“The rating actions reflect Gulf Power’s Jan. 1, 2021, merger with affiliate Florida Power & Light Co. (FPL, A1 stable), at which time FPL assumed all of Gulf Power’s outstanding debt obligations,” Moody’s said in a press release.
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