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Prospect News home > News index > List of issuers B > Headlines for Black Hills Power Inc. > News item |
Fitch lifts Black Hills
Fitch Ratings said it has upgraded the issuer default ratings of Black Hills Corp. and its subsidiary, Black Hills Power, Inc., to BBB+ from BBB.
Fitch has also upgraded the short-term issuer default ratings of both to F2 from F3. The outlook is stable.
The agency noted that key rating drivers include a successful refinancing of the capital structure and substantially improved coverage measures from lower interest expense burden.
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