Moody's lifts Avista to Baa1

Moody's Investors Service said it upgraded the ratings of Avista Corp., including its long-term issuer rating to Baa1 from Baa2.

The outlook is stable.

"The upgrade of Avista Corp. reflects regulatory provisions in Washington, Idaho and Oregon that are consistent with our view of a generally improving regulatory environment for U.S. electric and gas utilities," Moody's assistant vice president Ryan Wobbrock said in a news release.

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