Moody’s affirms PacifiCorp

Moody's Investors Service said it affirmed PacifiCorp’s issuer and senior unsecured ratings at A3, senior secured rating at A1, preferred stock at Baa2 and short-term ratings for commercial paper and variable-rate revenue bonds at P-2.

The outlook is stable.

"PacifiCorp's A3 rating is driven by the stability of its vertically integrated regulated electric utility business model, its geographic diversity, and the reasonably supportive regulatory environments in which it operates," Moody’s vice president, senior credit officer Laura Schumacher said in a news release.

The rating also reflects the company's adequate financial metrics and its ongoing efforts to reduce its carbon intensity and grow its renewable asset base, the agency noted.

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