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Prospect News home > News index > List of issuers I > Headlines for Indianapolis Power & Light Co. > News item |
Fitch gives Indianapolis Power bonds BBB+
Fitch Ratings said it assigned a BBB+ rating to Indianapolis Power & Light Co.’s $350 million first mortgage bonds due 2046.
The outlook is stable.
Fitch said the rating and outlook consider the relatively supportive Indiana regulations including recovery of environmental compliance costs, recent rate case order, the expected decline in the credit metrics through 2017 due to a large capex program and recovery to reasonable levels by 2018.
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