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Prospect News home > News index > List of issuers M > Headlines for Minnkota Power Cooperative, Inc. > News item |
Moody’s changes Minnkota view to positive
Moody's Investors Service said it affirmed the Baa2 senior unsecured issuer rating of Minnkota Power Cooperative, Inc.
The outlook was revised to positive from stable.
"The rating affirmation and revision to a positive rating outlook reflects Moody's expectation that timely rate increases and reduced financing requirements owing to lower capital expenditures over the next several years are likely to drive improvement in key financial metrics compared to recent historical periods," Moody’s vice president and senior analyst Kevin Rose said in a news release.
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