Fitch rates Black Hills notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Black Hills Corp.’s issuance of $400 million of 10-year senior unsecured notes due June 15, 2030.

Proceeds will be used to pay down short-term borrowings and for general corporate purposes, including to fund planned capital expenditures.

“The rating reflects the predictable earnings and cash flows from the company’s predominately regulated and nonregulated businesses that have long-term contracts with BKH’s utilities,” Fitch said in a press release.

The outlook is stable.

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