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Westar Energy Inc. Assigned 'A-2' Short-Term Corporate Credit Rating; New Commercial Paper Program Assigned 'A-2' Rating Dec 11
Standard & Poors, December 2011
NEW YORK (Standard & Poor's) Dec. 20, 2011--Standard & Poor's Ratings Services said today it assigned its 'A-2' short-term rating to Topeka, Kan.-based electric utility Westar Energy Inc.'s $1 billion 4(2) commercial paper program. At the same time, we assigned our 'A-2' short-term corporate credit rating to the company. The company expects to use the new commercial paper program for working capital needs and other corporate purposes. Backing the program will be Westar's existing $730 million and $270 million revolving credit facilities that terminate Sept. 29, 2016, and Feb. 18, 2015, respectively. (For the corporate credit rating rationale, see the summary analysis on Westar Energy Inc., published on Oct. 19, 2011, on RatingsDirect.) RELATED CRITERIA AND RESEARCH Liquidity Descriptors For...
Companies mentioned in this report are: Westar Energy 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
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Westar Energy Inc.