Fitch: Idacorp outlook stable

Fitch Ratings said it affirmed Idacorp, Inc.'s long-term issuer default rating at BBB, short-term issuer default rating and commercial paper at F2, along with Idaho Power Co.'s long-term issuer default rating at BBB, senior secured debt at A-, senior unsecured debt at BBB+ and short-term issuer default rating and commercial paper at F2.

The outlook was revised to stable from negative.

The outlook revision reflects a more balanced regulatory environment in Idaho, as evidenced by several constructive regulatory actions in the last 15 months that have lowered Idaho Power's operating risk and improved the company's financial performance, Fitch said.

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