Moody's cuts Southwestern Public

Moody's Investors Service said it downgraded the senior unsecured long-term ratings of Southwestern Public Service Co. to Baa2 from Baa1.

Moody's also downgraded the first mortgage bonds to A3 from A2.

The outlook was changed to stable from negative.

Moody's said the downgrade reflects the expectation that Southwestern Public's credit metrics will not attain levels previously expected for the foreseeable future.

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