Report
EUR 231.76 For Business Accounts Only

ALLETE, INC.: A Regulated Energy Company

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 30 March 2017 Update RATINGS ALLETE, Inc. Domicile United States Long Term Rating A3 Type LT Issuer Rating Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Lesley Ritter 212-553-1607 Analyst
Underlying
ALLETE Inc.

Allete is an energy company. The company's Regulated Operations includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois. ALLETE Clean Energy focuses on developing, acquiring, and operating clean and renewable energy projects. United States Water Services provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solutions to reduce water and energy usage, and improve efficiency.

Provider
Moody's Investors Service
Moody's Investors Service

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