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Kentucky Utilities Co.'s New Commercial Paper Program Assigned 'A-2' Rating Mar 12 Product Image

Kentucky Utilities Co.'s New Commercial Paper Program Assigned 'A-2' Rating Mar 12

  • Published: March 2012
  • Standard & Poors

FEATURED COMPANIES

Abstract
NEW YORK (Standard & Poor's) March 2, 2012--Standard & Poor's Ratings Services said today it assigned its 'A-2' short-term rating to Kentucky-based electric utility Kentucky Utilities Co.'s $250 million 4(2) commercial paper program. The company expects to use the new commercial paper program for working capital needs and other corporate purposes. Backing the program will be the utility's existing $400 million revolving credit facility that terminates Oct. 19, 2016. (For the corporate credit rating rationale on Kentucky Utilities Co. (BBB/Stable/A-2), see the summary analysis published on Nov. 1, 2011, on RatingsDirect.) RELATED CRITERIA AND RESEARCH Liquidity Descriptors For Global Corporate Issuers, Sept. 28, 2011 Business Risk/Financial Risk Matrix Expanded, May 27, 2009 Analytical Methodology, April 15, 2008 RATINGS LIST Kentucky...

Companies mentioned in this report are:
- Kentucky Utilities Co.

Action: New Rating

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- Kentucky Utilities Co.

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