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Fitch gives NextEra debentures A-
Fitch Ratings said it assigned an A- rating to NextEra Energy Capital Holdings, Inc.'s $716 million floating-rate debentures due Aug. 21, 2020 and $425 million floating-rate debentures due Aug. 28, 2021.
The issuer default rating on the company and on its parent, NextEra Energy, Inc., is A-.
The outlook is stable.
The net proceeds from the two issuances will be used for general corporate purposes, including repayment of a portion of NextEra Energy Capital’s 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,” Fitch said in a news release.
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