Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Avista Corp. > News item |
Fitch lifts Avista
Fitch Ratings said it has upgraded Avista Corp. and its subsidiary Avista Capital II's issuer default ratings and debt ratings as follows:
• Avista's long-term issuer default rating to BBB- from BB+; senior secured debt to BBB+ from BBB; secured bank facility to BBB+ from BBB; senior unsecured debt to BBB from BBB-; and short-term issuer default rating to F3 from B; and
• Avista Capital II's preferred securities to BBB- from BB+.
The outlook is stable.
According to the agency, the upgrades and stable outlook mainly reflect Avista's more balanced regulatory environment, an improved financial profile, and management focus on the core utility business.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.