trending Market Intelligence /marketintelligence/en/news-insights/trending/TJGcTZvNJIJ-rTFwzFer7g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P Global Ratings upgrades FPL, Gulf Power

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020


S&P Global Ratings upgrades FPL, Gulf Power

S&P Global Ratings upgraded its long-term issuer credit ratings on Florida Power & Light Co. and Gulf Power Co. to A from A- and removed the ratings from under criteria observation.

The rating agency also upgraded the utilities' senior unsecured notes to A from A- and their commercial paper ratings to A-1 from A-2, and it raised FPL's senior secure debt rating to A+ from A. The outlook on all the ratings is stable.

The upgrades conclude the rating agency's review of its new rating criteria and reflect that both NextEra Energy Inc. subsidiaries are well-insulated from their parent company.

The stable outlook on FPL reflects "our base case assumption that the utility will generate sufficient cash flow to maintain financial measures that support a funds from operations-to-debt ratio of 29% to 31% over the next three years," S&P Global Rating said in a Dec. 24 rating action.

The agency also believes that Gulf Power will be able to support a funds from operations-to-debt ratio of 20% to 24% over the next three years.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.