S&P rates ITC Great Plains BBB

Standard & Poor's said it assigned a BBB corporate credit rating to ITC Great Plains LLC.

The outlook is positive.

The positive outlook reflects a possibility that the holding company, ITC Holdings Corp., will maintain its improved consolidated cash flow measures over the intermediate term despite its increased capital spending program, S&P said.

The company has been able to improve its cash flow measures primarily by expanding its rate base while benefiting from the Federal Energy Regulatory Commission's constructive regulation, the agency said.

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