The issuer credit rating (ICR) on NextEra Energy Inc. reflects the group credit profile of 'a-', which is derived from: A country risk score we consider "very low risk" because all operations are carried out in the U.S. An industry risk score we consider "low risk", reflecting the very low risk of the regulated electric utility operations and the higher risk associated with merchant energy activities. The company's "strong" business risk profile and its "intermediate" financial risk profile. The choice of anchor ('a-' or 'bbb+') reflects our opinion that NextEra sits at the higher end of its business risk profile category compared with its peers. Modifiers have no effect, resulting in an 'a-' stand-alone credit profile (SACP). As the parent
