Connect with us

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.

More Zaps Frontpage

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us:

Subscribe for Free

Share with friend

Enter the details of the person you want to share this article with.