(Source: Fitch Inc) 09 Nov 2015 6:34 PM GMT/UTC Fitch Ratings-New York-09 November 2015: Fitch Ratings has affirmed the 'BBB+' long-term Issuer Default Rating (IDR) of NorthWestern Corporation (NWE) and all debt instrument ratings as shown at the end of this release. The Rating Outlook is Stable. The ratings affirmation reflects NWE's low-risk fully regulated utility business model, manageable capex, a gradual improvement in credit metrics over the rating horizon, healthy local economy, and robust cash flows and liquidity provided by the availability of net operating loss (NOL) carryforwards that shield net income through 2017. The additions in rate base of hydro and wind assets further...
↧