Moody's may lift Westar Energy

Moody's Investors Service said it placed the debt ratings of Westar Energy and its subsidiary Kansas Gas & Electric under review for possible upgrade.

The ratings placed under review include Westar's Ba1 issuer rating, Baa3 senior secured bonds, Ba1 senior unsecured debt and Ba3 preferred stock and the ratings placed under review for Kansas Gas & Electric include its Baa3 senior secured bonds and Baa3 senior secured lease obligation bonds, the agency said.

The review for upgrade recognizes the recent electric rate order from the Kansas Corporate Commission, which includes the reinstatement of an adjustment clause for more timely recovery of fuel and purchased power costs, and lower overall business risk following the divestiture of non-core assets.

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