Moody’s lifts Western Massachusetts Electric

Moody's Investors Service said it upgraded Western Massachusetts Electric Co.'s issuer and senior unsecured ratings to A2 from A3.

The outlook is stable.

The upgrade is driven by a strong financial profile, which is expected to continue as the utility becomes more FERC-regulated, Moody’s said.

The agency said it views FERC's regulatory oversight as lower risk because it is more credit supportive than most state jurisdictions.

The ratings also reflect the company’s low-risk business profile as a transmission and distribution utility, Moody’s said, along with solid financial metrics.

© 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.