Emera to Acquire TECO Energy in US$10.4 Billion Transaction
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UPDATE: S&P Moves Outlook on TECO Energy (TE) to Negative; Ratings Affirmed
September 8, 2015 12:38 PM EDT(Updated - September 8, 2015 12:50 PM EDT)
Standard & Poor's Ratings Services today affirmed its ratings on TECO Energy Inc. (NYSE: TE) and subsidiaries Tampa Electric Co. and New Mexico Gas Co. Inc., including the 'BBB+' issuer credit ratings. At the same time, we revised the rating outlook to negative from developing.
We also affirmed our 'BBB' rating on TECO's senior unsecured debt and 'BBB+' ratings on Tampa Electric and New Mexico Gas' senior unsecured debt. The short-term rating on Tampa Electric is unchanged at 'A-2'.
"The... More
