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Moody’s raises outlook for TECO, Tampa Electric

December 23, 2019 - Moody's Investors Service has changed the outlook for TECO Energy, TECO Finance and Tampa Electric to positive from stable. The positive outlooks for TECO Energy and Tampa Electric reflect the debt reduction that has occurred at parent company, Emera Inc., as well as the two companies' ability to maintain strong credit metrics, Moody's said in a news release. Moody's also affirmed the Baa2 senior unsecured ratings of TECO Energy and TECO Finance, Inc., and the A3 issuer and senior unsecured ratings of Tampa Electric. Both are investment-grade ratings and reflect Florida's regulatory framework, which provides for stable and predictable cash flow generation and enables the utility to maintain a solid financial profile, Moody's said.

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