FPL Group Capital Inc. Assigned 'A+' Corporate Credit Rating Feb 00

Standard & Poors, February 2000

Abstract
NEW YORK (Standard & Poor's CreditWire) Feb. 23, 2000--Standard & Poor's today assigned its single-'A'-plus long-term corporate credit rating to FPL Group Capital Inc., based on the strength of the parental guarantee from FPL Group Inc. (A+/Negative/--). The guarantee includes the commodity obligations associated with energy marketing and trading, as well as related debt issues, including commercial paper. In addition, parent FPL Group will continue its practice of providing an unconditional and irrevocable guarantee on each individual FPL Group Capital debt offering prior to issuance. The corporate credit rating of FPL Group Capital mainly reflects the credit quality of the parent company, FPL Group, and its principal operating subsidiary, Florida Power & Light Co. (AA-/Negative/A-1+). As a stand-alone entity, FPL...

Companies mentioned in this report are: NextEra Energy Capital Holdings, Inc.
Action: New Rating

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

NextEra Energy Capital Holdings, Inc.

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