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Fitch: Westar, Kansas Gas views to positive
Fitch Ratings said it affirmed Westar Energy Inc. and Kansas Gas & Electric Co.'s ratings and revised their outlooks to positive from stable.
The ratings are the same, reflecting the companies' strong rating linkage and Fitch criteria.
Roughly $3.4 billion of debt is affected by the actions.
Fitch said the key rating drivers include a generally balanced regulatory environment in Kansas, a conservative strategy focused on Kansas utility operations, lower post-2014 Westar Energy consolidated capex and improving credit metrics and rating linkage between Westar Energy and Kansas Gas.
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