Fitch gives Wisconsin Electric debt A+

Fitch Ratings said it assigned an A+ rating to Wisconsin Electric Power Co.'s new $250 million issuance of 3.1% senior unsecured debentures due June 1, 2025.

The outlook is stable.

The new notes will rank pari passu with Wisconsin Electric’s existing senior unsecured obligations.

Net proceeds will be used to repay short-term debt, working capital, and other corporate purposes. Fitch last affirmed Wisconsin Electric’s issuer default rating and other security ratings on Sept. 30, 2014.

© 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.