Kansas City Power&Light Co. Environmental Improvement Revenue Refunding Bonds Lowered To 'A-' From 'AA' - S&P Global Ratings’ Credit Research

Kansas City Power&Light Co. Environmental Improvement Revenue Refunding Bonds Lowered To 'A-' From 'AA'

Kansas City Power&Light Co. Environmental Improvement Revenue Refunding Bonds Lowered To 'A-' From 'AA' - S&P Global Ratings’ Credit Research
Kansas City Power&Light Co. Environmental Improvement Revenue Refunding Bonds Lowered To 'A-' From 'AA'
Published Dec 14, 2018
3 pages (1248 words) — Published Dec 14, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Dec. 14, 2018--S&P Global Ratings today lowered its issue-level rating on the two debt issues listed below to 'A-/A-2' from 'AA/A-1+' because the issues have been remarketed without letter-of-credit (LOC) support. US$73.25 million environmental improvement revenue refunding bonds series 2007A due Sept. 1, 2035 US$73.25 million environmental improvement revenue refunding bonds series 2007B due Sept. 1, 2035 The 'A-' rating on these bonds reflects the rating on obligor Kansas City Power&Light Co.'s (KCP&L) (A-/Stable/A-2) senior unsecured debt obligations. For the issuer credit rating rationale, see the research update on KCP&L parent company Evergy Inc. published July 19, 2018. RELATED CRITERIA Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue Ratings, March

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Dec. 14, 2018--S&P Global Ratings today lowered its issue-level rating on the two debt issues listed below to 'A-/A-2' from '##/A-1+' because the issues have been remarketed without letter-of-credit (LOC) support. + US$73.25 million environmental improvement revenue refunding bonds series 2007A due Sept. 1, 2035 + US$73.25 million environmental improvement revenue refunding bonds series 2007B due Sept. 1, 2035 The 'A-' rating on these bonds reflects the rating on obligor Kansas City Power & Light Co.'s (KCP&L) (A-/Stable/A-2) senior unsecured debt obligations. For the issuer credit rating rationale, see the research update on KCP&L parent company Evergy Inc. published July 19, 2018. RELATED CRITERIA + Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue Ratings, March 28, 2018 + General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017...

  
Report Type:

Ratings Action

Ticker
78204Z
Issuer
Evergy Metro
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Kansas City Power&Light Co. Environmental Improvement Revenue Refunding Bonds Lowered To 'A-' From 'AA'" Dec 14, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Kansas-City-Power-Light-Co-Environmental-Improvement-Revenue-Refunding-Bonds-Lowered-To-A-From-AA-2144871>
  
APA:
S&P Global Ratings’ Credit Research. (). Kansas City Power&Light Co. Environmental Improvement Revenue Refunding Bonds Lowered To 'A-' From 'AA' Dec 14, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Kansas-City-Power-Light-Co-Environmental-Improvement-Revenue-Refunding-Bonds-Lowered-To-A-From-AA-2144871>
  
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