Central Maine Power Co. $350 Million Commercial Paper Is Rated 'A-2' Feb 12
Standard & Poors, February 2012
Abstract
NEW YORK (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services said today it assigned its 'A-2' short-term rating to Central Maine Power Co.'s (CMP) $350 million 3(a)3 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 the company's existing $600 million joint revolving credit facility that terminates July 15, 2016. (For the corporate credit rating rationale on Central Maine Power, see the summary analysis published on Oct. 21. 2011.) RELATED CRITERIA AND RESEARCH Liquidity Descriptors For Global Corporate Issuers, Sept. 28, 2011 Criteria Methodology: Business Risk/Financial...
Companies mentioned in this report are: Central Maine Power Co.
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.
Central Maine Power Co.
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