Moody's ups Xcel, subsidiaries

Moody's Investors Service said it upgraded the ratings of Xcel Energy Inc. and its subsidiaries, including Xcel's issuer rating to A3 from Baa1; its subsidiary Northern States Power-Minnesota's issuer rating to A2 from A3; Northern States Power-Wisconsin's senior unsecured rating to A2 from A3; Public Service Co. of Colorado's issuer rating to A3 from Baa1; and Southwestern Public Service Co.'s senior unsecured rating to Baa1 from Baa2.

The outlooks are stable.

Moody's said the primary driver of the rating action was its more favorable view of the relative credit supportiveness of the U.S. regulatory environment.

"Xcel's rating reflects its straightforward, low business risk profile as a sizable owner of rate-regulated utilities," Moody's senior vice president Mihoko Manabe said in a news release.

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