Fitch affirms Xcel

Fitch Ratings said it affirmed the outstanding ratings of Xcel Energy Inc. and its subsidiaries, Northern States Power-Minnesota, Northern States Power-Wisconsin, Southwestern Public Service and Public Service Co. of Colorado, including Xcel's BBB+ issuer default rating and senior unsecured debt, BBB- preferred stock and junior subordinated debentures and F2 short-term issuer default rating and commercial paper.

The outlook is stable.

The agency said XEL's ratings take into consideration the company's ownership of four regulated operating subsidiaries that benefit from solid underlying credit profiles, including stable cash flow generation, credit metrics consistent with or above guidelines for their respective rating categories and generally constructive regulatory environments.

For the 12 months ended March 31, the debt-to-EBITDA ratio was 3.7 times.

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