Fitch affirms Southwest Power

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

The outlook is stable.

The ratings reflect the company's high level of predictability and sustainability of cash flows from regulated tariffs and service contracts, Fitch said.

The ratings also consider the relatively low business risk of its transmission operations, the agency said.

Concerns include the voluntary nature of the membership and a large capital expenditure budget, Fitch 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.