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Prospect News home > News index > List of issuers E > Headlines for Eversource Energy > News item |
Fitch lifts three utilities, Eversource to positive
Fitch Ratings said it upgraded the long-term issuer default ratings of the Connecticut Light and Power Co., Public Service Co. of New Hampshire and Western Massachusetts Electric Co. (Wmeco) to A- from BBB+.
The agency also said it affirmed the long-term issuer default ratings of parent company Eversource Energy and its other rated utility subsidiaries: Nstar Electric Co. and NSTAR Gas Co.
Fitch also said it revised the outlook on Eversource to positive from stable.
The outlooks on Connecticut Light, Public Service, Wmeco, NSTAR Electric and NSTAR Gas are stable.
Connecticut Light’s long-term issuer default rating was upgraded to A- from BBB+, senior secured debt to A+ from A, senior unsecured debt and revenue bonds to A from A- and preferred stock to BBB+ from BBB.
Public Service’s long-term issuer default rating was upgraded to A- from BBB+ and senior secured debt to A+ from A.
Wmeco’s long-term issuer default rating to A- from BBB+ and senior unsecured debt and revenue bonds to A from A-.
Eversource Energy’s long-term issuer default rating was affirmed at BBB+, senior unsecured debt at BBB+, short-term issuer default rating at F2 and commercial-paper at F2.
NSTAR Electric’s long-term issuer default rating was affirmed at A, senior unsecured debt at A+, preferred stock at A-, short-term issuer default rating at F1 and commercial-paper at F1.
NSTAR Gas’s long-term issuer default rating was affirmed at A- and senior secured debt at A+.
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