Moody's: NextEra's Acquisition Financing of Oncor Minority Interest is Credit Positive
New York, November 02, 2016-- Moody's Investors Service said that NextEra Energy, Inc.' s ratings and outlook are unaffected by its agreement to acquire Oncor Electric Delivery Company LLC's 20% minority interest for $2.4 billion. "Acquiring the minority interest is credit positive, because NextEra will obtain full ownership of Oncor and simplify governance and financial control of this major investment," says Moody's Senior Vice President Mihoko Manabe.
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