Fitch gives PacifiCorp FMBs A+

Fitch Ratings said it assigned an A+ rating to PacifiCorp's first mortgage bonds (FMB).

The outlook is stable.

Fitch said the assignment considers the utility's solid credit metrics and generally supportive regulatory regimes across its six-state service territory.

The ratings and outlook also consider PacifiCorp's relatively low business risk profile, a competitive, increasingly clean resource base and affiliation with Berkshire Hathaway Energy Co. (BBB+/stable) and ultimate parent Berkshire Hathaway, Inc. (AA-/stable), the agency noted.

Fitch also considers anticipated pressure to PacifiCorp's credit metrics from the federal Tax Cuts and Jobs Act of 2017.

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