Research Update: Tucson Electric Power Co. Ratings Affirmed; $250 Million Unsecured Revolving Credit Facility Rated 'BBB+' - S&P Global Ratings’ Credit Research

Research Update: Tucson Electric Power Co. Ratings Affirmed; $250 Million Unsecured Revolving Credit Facility Rated 'BBB+'

Research Update: Tucson Electric Power Co. Ratings Affirmed; $250 Million Unsecured Revolving Credit Facility Rated 'BBB+' - S&P Global Ratings’ Credit Research
Research Update: Tucson Electric Power Co. Ratings Affirmed; $250 Million Unsecured Revolving Credit Facility Rated 'BBB+'
Published Sep 24, 2015
7 pages (2101 words) — Published Sep 24, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Tucson Electric Power Co. plans to enter into a $250 million senior unsecured revolving credit facility. We are assigning a 'BBB+' issue-level rating to the proposed facility. At the same time, we are affirming our ratings on Tucson Electric Power Co., including the 'BBB+' issuer credit rating and 'BBB+' rating on its existing senior unsecured debt. The stable outlook reflects our expectation that Tucson Electric Power Co. will maintain financial measures that are consistent with the middle of the range for a "significant" financial risk profile. On Sept. 24, 2015, Standard&Poor's Ratings Services assigned its 'BBB+' issue-level rating to Tucson Electric Power Co.'s (TEP) proposed $250 million senior unsecured revolving credit facility. At the same time, we affirmed

  
Brief Excerpt:

...Tucson Electric Power Co. plans to enter into a $250 million senior unsecured revolving credit facility....

  
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. Ratings Affirmed; $250 Million Unsecured Revolving Credit Facility Rated 'BBB+'" Sep 24, 2015. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Tucson-Electric-Power-Co-Ratings-Affirmed-250-Million-Unsecured-Revolving-Credit-Facility-Rated-BBB-1454901>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Tucson Electric Power Co. Ratings Affirmed; $250 Million Unsecured Revolving Credit Facility Rated 'BBB+' Sep 24, 2015. 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-Ratings-Affirmed-250-Million-Unsecured-Revolving-Credit-Facility-Rated-BBB-1454901>
  
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