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Published on 9/22/2017 in the Prospect News Convertibles Daily, Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

Fitch rates NextEra Energy debentures BBB

Fitch Ratings said it rates NextEra Energy Capital Holdings, Inc.'s 5.11% $755 million series L junior subordinated debentures due Sept. 29, 2057 BBB.

The issuer default rating for Capital Holdings and for its parent, NextEra Energy, Inc., is A-.

The outlook for both entities is stable.

The net proceeds from this issuance along with other general funds will be used by Capital Holdings to prepay $750 million of debt maturing 2072 with a weighted average interest rate of 5.67%.


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