Fitch affirms Westar

Fitch Ratings said it affirmed the long-term issuer default ratings on Westar and its subsidiary Kansas Gas and Electric Company at BBB.

The outlook for both entities is stable.

Fitch said these rating actions affect $2.38 billion of first mortgage bonds, approximately $248 million of secured variable interest entity debt, $150 million of secured pollution control revenue bonds and $21.4 million of preferred stock.

The agency said key rating factors include a generally constructive regulatory environment in Kansas, management's focus on core utility operations and transmission projects and a moderately large capital spending program that includes a significant amount of required environmental upgrades at the utilities' coal-fired power plants.

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