Moody's may up Avista

Moody's Investors Service said it placed Avista Corp.'s Baa1 senior secured rating and Baa3 senior unsecured rating on review for possible upgrade, along with the ratings on its affiliate, Avista Corp. Capital Trust II.

The upgrade review reflects recent regulatory rate case decisions that have improved the predictability of Avista's cash flow and cost recovery over the near term, Moody's said.

The review will focus on Avista's ability to address each of its near-term credit facility maturities in a timely and financially prudent manner, the agency said.

© 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.