Moody's lifts Allete, subsidiary to A3

Moody's Investors Service said it upgraded the ratings of Allete, Inc. (issuer rating to A3 from Baa1) and its wholly owned subsidiary Superior Water, Light and Power Co. (issuer rating to A3 from Baa1).

The outlooks are stable.

Moody's said the primary driver of the rating action was its more favorable view of the relative credit supportiveness of the U.S regulatory environment.

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