Fitch raises Massachusetts Municipal Wholesale Electric project debt to A

Fitch Ratings said it upgraded to A from A- the project ratings of Massachusetts Municipal Wholesale Electric Co., a joint-action agency for 28 Massachusetts municipal electric utilities.

The outlook is stable.

As of Dec. 31, the agency had $658 million of debt outstanding.

The separately secured projects are Nuclear Mix No. 1, Nuclear Project No. 3, Nuclear Project No. 4, Nuclear Project No. 5, Nuclear Project No. 6, Stony Brook Intermediate Project and Wyman Project.

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