Fitch rates Xcel Energy notes BBB+

Fitch Ratings said it has assigned a BBB+ rating to Xcel Energy, Inc.'s $300 million issue of 6.5% senior unsecured notes due 2036.

The outlook is stable.

Fitch said the company's credit ratings are supported by stable, predictable cash flows from low business risk gas and electric utility subsidiaries.

Risks include the possibility of unfavorable rate decisions and cost overruns on capital projects, the agency added.

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