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FPL Group Capital Inc. Assigned 'A+' Corporate Credit Rating Feb 00
Standard & Poors, February 2000
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
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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.