Fitch rates NextEra debentures A-

Fitch Ratings said it assigned A- ratings to NextEra Energy Capital Holdings, Inc.'s $400 million floating-rate debentures due Feb. 25, 2022 and $400 million 3.2% debentures due Feb. 25, 2022.

The debentures will be senior unsecured obligations of Capital Holdings.

The issuer default rating for Capital Holdings and its parent, NextEra Energy, Inc., is A-.

The outlook for both entities is stable.

NextEra provides an absolute, irrevocable and unconditional guarantee for NextEra Energy Capital Holdings' debt and hybrids.

The net proceeds from the two issuances will be used for general corporate purposes including repayment of a portion of NextEra Energy Capital Holdings' outstanding commercial paper borrowings.

“NextEra's continued shift from merchant businesses toward regulated investments and contracted non-regulated renewable assets is supportive of its credit profile,” the agency said in a news release.

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