Research Update: Tucson Electric Power Co. Rating Outlook Revised To Positive; Ratings Affirmed - S&P Global Ratings’ Credit Research

Research Update: Tucson Electric Power Co. Rating Outlook Revised To Positive; Ratings Affirmed

Research Update: Tucson Electric Power Co. Rating Outlook Revised To Positive; Ratings Affirmed - S&P Global Ratings’ Credit Research
Research Update: Tucson Electric Power Co. Rating Outlook Revised To Positive; Ratings Affirmed
Published Apr 16, 2013
2210 words — Published Apr 16, 2013
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Tucson Electric Power Co. has benefitted from an improved regulatory relationship with the Arizona Corporation Commission (ACC), including a rate case settlement agreement reached in 2013. We are revising the rating outlook on Tucson Electric Power Co. to positive from stable. We are affirming our 'BB+' corporate credit rating on the company and our 'BBB-' rating and '2' recovery rating on the company's senior unsecured notes. We believe the financial risk profile of the company will continue to improve as a result of stabilized operations and maintenance (O&M) costs and rate relief in 2013. The positive outlook reflects the potential for a modest upgrade based on our expectation that the company's operating results will benefit from a finalized rate case

  
Brief Excerpt:

RESEARCH Research Update: Tucson Electric Power Co. Rating Outlook Revised To Positive; Ratings Affirmed Publication date: 16-Apr-2013 Primary Credit Analyst: Michael T Ferguson, CFA, CPA, New York (1) 212-438-7670; michael_ferguson@standardandpoors.com...

  
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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Tucson Electric Power Co. Rating Outlook Revised To Positive; Ratings Affirmed" Apr 16, 2013. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Tucson-Electric-Power-Co-Rating-Outlook-Revised-To-Positive-Ratings-Affirmed-1117333>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Tucson Electric Power Co. Rating Outlook Revised To Positive; Ratings Affirmed Apr 16, 2013. 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-Rating-Outlook-Revised-To-Positive-Ratings-Affirmed-1117333>
  
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