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TEXT-Fitch rates Northeast Utilities
July 18 - Fitch Ratings has assigned a Short-term Issuer Default Rating (IDR) and a Commercial Paper Rating of 'F2' to Northeast Utilities' (NU) new $1.15 billion Commercial Paper Program. Fitch's existing Issuer Default Rating (IDR) of Northeast Utilities' is 'BBB+' with a Stable Outlook. Key Rating Drivers: --Low-risk business profile with virtually all cash flows derived from regulated transmission and electric and gas distribution; --Diversity of cash flows with six regulated utility s ...
Published By: Reuters (Company news) - Thursday, 19 July, 2012
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Reuters (Company news) (Yesterday) - Investors ought to maintain exposure to Brazilian shares that help them hedge against policy uncertainty...