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S&P boosts Xcel Energy
Standard & Poor's said it raised the corporate credit rating on Xcel Energy Inc. and its subsidiaries Northern States Power Co., Public Service Co. of Colorado and Southwestern Public Service Co. to A- from BBB+ and affirmed its A- corporate credit rating on NSP-Wisconsin.
The outlook is stable.
The upgrade reflects the view that management continues to execute on its strategy of investing in its regulated utilities and focusing on recovering these costs in its numerous regulatory jurisdictions, the agency said.
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