Evergy Missouri West Inc. Assigned 'A-2' Short-Term ICR; First-Mortgage Bonds Rated 'A' (Recovery: '1+')

S&P Global Ratings today assigned its 'A' issue-level and '1+' recovery ratings to regulated utility Evergy Missouri West Inc.'s (EMW's) first-mortgage bonds (FMBs). We also assigned an 'A-2' short-term issuer credit rating to EMW. DALLAS (S&P Global Ratings) March 7, 2022--S&P Global Ratings today took the rating actions listed above. The '1+' recovery rating indicates our highest expectation of full recovery for lenders in the event of a payment default due to the significant overcollateralization of more than 150%. The rating on the first mortgage bonds is one notch higher than the rating on EMW's issuer credit rating of 'A-', reflecting the benefit from a first-priority lien on substantially all of the utility's real property owned or subsequently acquired. We

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