Fitch affirms MidAmerican, PacifiCorp

Fitch Ratings said it affirmed MidAmerican Energy Holdings Co.'s BBB+ issuer default rating, subsidiary PacifiCorp's BBB issuer default rating, MidAmerican Energy Co.'s A- issuer default rating and MidAmerican Funding Corp.'s BBB+ issuer default rating.

The outlook is stable.

Ratings reflect MidAmerican Energy Holdings Co.'s diversified, relatively predictable cash flows and low business risk profile, the agency said.

The operating subsidiaries benefit from solid standalone credit profiles, with stable and consistent cash flows, and provide the parent company with geographic and operational diversity, Fitch noted.

Ratings also consider significant support from principal shareholder Berkshire Hathaway Inc. (AAA/stable).

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