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Moody's upgrades Central Maine Power, flags affiliates for upgrade

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Moody's upgrades Central Maine Power, flags affiliates for upgrade

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 .