NEW YORK (Standard&Poor's) Nov. 12, 2002--Standard&Poor's Ratings Services said today it affirmed its 'A' corporate credit ratings on energy provider FPL Group Inc. and regulated subsidiary Florida Power&Light Co. The ratings were removed from CreditWatch, where they were placed with negative implications on April 18, 2002. The outlook is negative. Juno Beach, Fla.-based FPL Group has about $6.8 billion in outstanding debt. Subsidiaries include Florida Power and Light and FPL Group Capital Inc. "The Creditwatch listing was removed as the acquisition of an 88% share of the 1,161MW Seabrook nuclear facility in New Hampshire was financed and closed, providing clarity regarding the capital structure," said Standard&Poor's rating analyst Jodi Hecht. The negative
