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Published on 8/11/2020 in the Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

Fitch rates Eversource Energy notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Eversource Energy's $1.2 billion issuance of senior unsecured notes. Fitch rates Eversource BBB+.

Eversource will issue three tranches, the series Q maturing Aug. 15, 2025, the series R maturing Aug. 15, 2030 and the series P maturing Jan. 15, 2050.

Proceeds will be used to fund a portion of the purchase price to acquire the assets of Bay State Gas Co., doing business as Columbia Gas of Massachusetts and to refinance short-term debt.


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