S&P: Westar unaffected

Standard & Poor's said Westar Energy Inc.'s (BB+/positive/--) announcement that it has completed the sale of its 9% interest in a natural gas-fired plant located in Turkey to affiliates of Prisma Energy International is supportive of the company's return-to-basics strategy, but has no affect on its rating on Westar.

Although financial terms of the transaction were not disclosed, S&P said it does not expect the cash proceeds to Westar to be material.

Hence, S&P said the sale will not significantly enhance Westar's financial profile.

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