Fitch affirms Westar Energy

Fitch Ratings said it affirmed Westar Energy, Inc.'s long-term issuer default rating at BBB, along with the BBB rating on its subsidiary, Kansas Gas and Electric Co.

The outlook is stable.

The ratings reflect the constructive regulatory environment in Kansas that has improved in recent years, along with management's focus on core utility operations and transmission projects, Fitch said.

These strengths are tempered by the moderately large capital spending program that includes a significant amount of required environmental upgrades at its coal-fired power plants, the agency said.

© 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.