Moody's upgrades the $450 million, 4.625% Notes due 2020 assumed by Avangrid to Baa1, outlook stable
Approximately $450 Million of debt securities affected. New York, December 22, 2016-- Moody's Investors Service, upgraded the rating of the $450 million, 4.625% Notes due 2020 to Baa1 from Baa2 following Avangrid Inc.' s assumption of the Notes from UIL Holdings Corp. The outlook on the debt is changed to stable from positive. The upgrade and outlook reflect the Baa1 stable rating of the Notes' new obligor.
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