Moody's upgraded CentralMaine Power Co. by one notch on April 26, citing the successfulcompletion of its$1.4 billion Maine Power Reliability Program, which it says increases thecompany's exposure to FERC regulation, a credit positive.
The AvangridInc. subsidiary now has an issuer rating of A2, preferred stock ratingof Baa1, senior secured first mortgage bond rating of Aa3 and senior unsecuredcommercial paper rating of P-1.
Avangrid's other subsidiaries, Avangrid Renewables HoldingsInc., Rochester Gas and ElectricCorp., SouthernConnecticut Gas Co. and BerkshireGas Co., have also been flagged for a possible upgrade given theirfinancial metrics, which are expected to strengthen over time.
Avangrid is a subsidiary of .