Research Update: Tucson Electric Power Co. Issuer Credit Rating Raised To 'BBB+', Stable Outlook; Unsecured Debt Rating Raised To 'BBB+' - S&P Global Ratings’ Credit Research

Research Update: Tucson Electric Power Co. Issuer Credit Rating Raised To 'BBB+', Stable Outlook; Unsecured Debt Rating Raised To 'BBB+'

Research Update: Tucson Electric Power Co. Issuer Credit Rating Raised To 'BBB+', Stable Outlook; Unsecured Debt Rating Raised To 'BBB+' - S&P Global Ratings’ Credit Research
Research Update: Tucson Electric Power Co. Issuer Credit Rating Raised To 'BBB+', Stable Outlook; Unsecured Debt Rating Raised To 'BBB+'
Published Oct 28, 2014
Published Oct 28, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The outlook for parent Fortis Inc. was revised to stable based on our expectation that the company's consolidated financial measures will remain in the middle of the range of the "significant" financial risk profile following the conversion of debentures to equity. We are raising the issuer credit rating and senior unsecured debt at Tucson Electric Power Co. to 'BBB+' from 'BBB'. The outlook is stable. The stable outlook reflects that of Fortis Inc. because we view parent UNS Energy Corp. as a "moderately strategic" subsidiary of Fortis. On Oct. 28, 2014, Standard&Poor's Ratings Services raised its issuer credit rating and senior unsecured debt rating on Tucson Electric Power Co. to 'BBB+' from 'BBB'. The outlook on the issuer

  
Report Type:

Research Update

Ticker
3304Q
Issuer
Tucson Electric Power Co.
GICS
Electric Utilities (55101010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Tucson Electric Power Co. Issuer Credit Rating Raised To 'BBB+', Stable Outlook; Unsecured Debt Rating Raised To 'BBB+'" Oct 28, 2014. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Tucson-Electric-Power-Co-Issuer-Credit-Rating-Raised-To-BBB-Stable-Outlook-Unsecured-Debt-Rating-Raised-To-BBB-1366323>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Tucson Electric Power Co. Issuer Credit Rating Raised To 'BBB+', Stable Outlook; Unsecured Debt Rating Raised To 'BBB+' Oct 28, 2014. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Tucson-Electric-Power-Co-Issuer-Credit-Rating-Raised-To-BBB-Stable-Outlook-Unsecured-Debt-Rating-Raised-To-BBB-1366323>
  
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