Wabash Valley Power Association, IN ICR Raised To #A# From #A-# On Strong Financial Management

Stocks and Financial Services Press Releases Tuesday February 13, 2018 09:09
CENTENNIAL--13 Feb--S&P Global Ratings
CENTENNIAL (S&P Global Ratings) Feb. 12, 2018--S&P Global Ratings raised its issuer credit rating (ICR) to 'A' from 'A-' on Wabash Valley Power Association (Wabash), Ind. The outlook is stable.

"The raised rating reflects our view of Wabash's strong financial management, and our expectation that fixed charge coverage metrics will improve in the near-term to sustainable levels that support the higher rating," said S&P Global Ratings credit analyst Andrew Bredeson. "The raised rating further reflects our view of the cooperative's improved liquidity position, diverse power supply portfolio, and manageable 10-year capital program, which doesn't include significant generation needs," Mr. Bredeson added.

The stable outlook reflects our expectation that Wabash will maintain its improved liquidity position due to increased profit margins and reduced fixed capacity costs associated with purchased power.

Wabash Valley Power Association is a generation and transmission cooperative headquartered in Indianapolis, providing wholesale power to its 23 distribution system members and serving approximately 313,000 end-use customers.

Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on the S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


Latest Press Release

Fitch Rates Bangkok Commercial Asset Management#s Senior Notes #AA-(tha)#

Fitch Ratings-Bangkok-26 June 2019: Fitch Ratings (Thailand) has assigned Bangkok Commercial Asset Management Public Company Limited's (BAM; AA-(tha)/Negative) upcoming senior unsecured notes of up to THB15.0 billion a rating of 'AA-(tha)'. The notes...

Photo Release: KTC jointly with SE-ED Book Center organizes the Share ReadingSpread Giving activity.

Mr. Terapoj Choke-a-nantang, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, jointly with Mr. Niwat Vadhanasirimon, Assistant Director of Corporate Marketing, SE-EDUCATION Public Company Limited, and Ms. Chomchol...

Photo Release: KResearch revises down Thai GDP growth to 3.1 percent

Recently, at KBank Phahon Yothin Building, Dr. Charl Kengchon, KResearch Managing Director, together with a group of KResearch executives, organized a seminar titled "Thailand's Economic Outlook in 2H19", during which KResearch revised Thailand's GDP...

The Royal Canadian Mint Releases Innovative Tributes to Canada Just in Time for Annual July 1st Celebrations

As the nation gears up for July 1st, the Royal Canadian Mint continues to find new ways to celebrate Canada with original and innovative coins. These creations include the 2019 $30 Fine Silver Coin – The Fabric of Canada. Artist Rebecca Yanovskaya...

KResearch: Thai economic sentiment in 2H19 to improve from 1H19 Trade war causes 2019 export growth to falter with GDP revised down to 3.1%

KASIKORN RESEARCH CENTER COMPANY LIMITED (KResearch) has revised its forecast for Thai GDP growth downward to 3.1 percent from the initial projection of 3.7 percent, due to the lackluster performance of the export sector, which has been impacted by...

Related Topics