| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Texas-New Mexico Power Co. > News item |
S&P revises PNM view to positive
S&P said it changed the outlook for PNM Resources Inc. and its subsidiaries, Public Service Co. of New Mexico and Texas-New Mexico Power Co. to positive from stable.
“The outlook revision to positive from stable on PNMR, PSNM, and TNMP reflects the announcement of a pending acquisition by a higher-rated entity, Avangrid,” S&P said in a press release. Avangrid intends to buy PNMR and its subsidiaries for about $8.3 billion, including the assumption of roughly $4 billion of debt.
S&P said it affirmed the issuer ratings for the companies.
© 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.