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S&P rates Wheeling Power BBB
Standard & Poor’s said it assigned a BBB corporate credit rating to Wheeling Power Co.
The outlook is positive.
The rating reflects Wheeling’s strong business risk profile and significant financial risk profile, S&P said.
The ratings also consider the company’s limited scale, scope and diversity in comparison to its peers among integrated regulated utilities, leading to a standalone credit profile of BBB-, the agency said.
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