Fitch affirms NextEra

Fitch Ratings said it affirmed the issuer default ratings of NextEra Energy, Inc. and NextEra Energy Capital Holdings, Inc. at A- and affirmed the A issuer default rating of Florida Power & Light Co.

The ratings also affirmed include NextEra Energy Capital's senior unsecured debentures at A-, junior subordinate hybrids rating at BBB and short-term issuer default rating and commercial paper rating at F1.

FPL Group Capital Trust I's trust preferred stock rating was affirmed at BBB.

Florida Power & Light's first mortgage bonds also were affirmed at AA-, along with its unsecured pollution control revenue bonds at A+ and short-term issuer default rating and commercial paper rating at F1.

The agency also said it revised the outlooks to stable from negative.

The affirmations recognize the improved economic and utility regulatory environment in Florida, Fitch said.

There also are signs of gradual improvement in employment statistics in South Florida, although regional unemployment remains above the national average, the agency said.

NextEra's consolidated parent-level credit ratios are not as robust as those of its A- peers, but Fitch said it also takes into consideration several factors that enhance credit quality.

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