NextEra Energy Inc. 'A-' Rating Affirmed On Reduced Risk; Subsidiary Ratings Affirmed; Outlook Stable

NextEra Energy Inc. has been slowly shedding risk in its business operations by pursuing utility growth and managing the growth in its higher-risk, nonutility development activities. We are affirming our ratings on the energy holding company and subsidiaries Florida Power&Light and NextEra Energy Capital Holdings Inc., including the 'A-' issuer credit rating and the 'A-2' short-term rating. The outlook is stable. With the marginally decreasing business risk, we are revising our downgrade threshold to funds from operations (FFO) to debt consistently below 23%. The stable rating outlook incorporates our view of a gradually improving business risk profile and projections that consolidated financial measures will remain in the lower half of the range for its financial risk profile category.

...+ NextEra Energy Inc. has been slowly shedding risk in its business operations by pursuing utility growth and managing the growth in its higher-risk, nonutility development activities. + We are affirming our ratings on the energy holding company and subsidiaries Florida Power & Light and NextEra Energy Capital Holdings Inc., including the 'A-' issuer credit rating and the 'A-2' short-term rating. The outlook is stable. + With the marginally decreasing business risk, we are revising our downgrade threshold to funds from operations (FFO) to debt consistently below 23%. + The stable rating outlook incorporates our view of a gradually improving business risk profile and projections that consolidated financial measures will remain in the lower half of the range for its financial risk profile category. BOSTON (S&P Global Ratings) Nov. 2, 2017--S&P Global Ratings today affirmed its ratings and stable outlook on Juno Beach, Fla.-based energy holding company NextEra Energy Inc. and subsidiaries...

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