S&P also affirmed the “A” underlying rating on EEH’s series 2008A and 2008B-1, 2008B-2, 2008C and 2009A bonds.
“The ratings reflect our view of EEH’s improved operational performance, stable leadership team and respectable average age of plant,” said S&P analyst Brian Williamson.
The outlook is stable, reflecting S&P’s expectation that EEH will be able to maintain its strong financial profile despite budgeting for softer operations in fiscal year 2017.
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