Fitch affirms Southwest Power Pool

Fitch Ratings said it affirmed Southwest Power Pool's issuer default rating at A, senior secured debt at A+, senior unsecured debt at A and short-term issuer default rating at F1.

The outlook is stable.

The ratings are supported by the predictability and sustainability of its cash flows from regulated tariffs and service contracts, the relatively low business risk of its transmission operations and the credit worthiness of its members, Fitch said.

Concerns include voluntary nature of the membership and large capital expenditure budget requiring additional borrowings, 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.