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S&P rates Entergy Mississippi BBB+
S&P said it assigned a BBB+ long-term issuer credit rating to Entergy Mississippi LLC.
The outlook is stable.
Entergy Mississippi LLC is the successor to Entergy Mississippi Inc., taking with it all of its utility assets and liabilities, S&P explained.
Entergy Mississippi Inc. has been renamed Entergy Utility Enterprises Inc., which continues to exist as an intermediate holding company with no utility assets, the agency noted.
The rating assigned is based on a view that the company is a core entity of parent, Entergy Corp., because it is fully integrated with Entergy's strategy and overall operations, S&P said.
The company's stand-alone credit reflects combined assessments of the company's business and financial risk profiles, including an expectation of Entergy Mississippi's adjusted funds from operations--to debt of about 20% for the 2019 to 2021 forecast period, the agency said.
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