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Texas-New Mexico Power Company: Update to credit analysis

Our credit view of this issuer reflects its service territory with good economic and customer growth prospects, offset by its small size and scale.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of PNM Resources, Inc., Public Service Company of New Mexico, Texas-New Mexico Power Company and other ratings that are associated with these issuers. The review was conducted through a rating committee held on 14 June 2024 in...

Texas-New Mexico Power Company: Update to credit analysis

Our credit view of this issuer reflects its stable financial metrics, offset by its small size and scale.

Texas-New Mexico Power Company: Update to credit analysis

Our credit view of this issuer reflects its stable financial metrics, offset by its small size and scale.

Texas-New Mexico Power Company: Update to credit analysis

Our credit view of TNMP reflects that of a low business risk T&D utility in a supportive regulatory jurisdiction, stable financial profile and small size and scale.

Texas-New Mexico Power Company: Update to credit analysis following ra...

Our credit view of TNMP reflects that of a low business risk T&D utility in a supportive regulatory jurisdiction, offset by financial metrics that will be sustained at lower levels.

Moody's downgrades Texas-New Mexico Power to Baa1; outlook stable

Rating Action: Moody's downgrades Texas-New Mexico Power to Baa1; outlook stable. Global Credit Research- 10 Feb 2022. Approximately $900 million of debt outstanding.

Texas-New Mexico Power Company: Update to credit analysis

Our credit view of TNMP reflects its low business risk as a regulated electric T&D but a weakening financial profile as well as the pending acquisition by Avangrid.

Moody's announces completion of a periodic review of ratings of PNM Re...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of PNM Resources, Inc.. Global Credit Research- 15 Sep 2021. New York, September 15, 2021-- Moody's Investors Service has completed a periodic review of the ratings of PNM Resources, Inc. and other ratings that are associated with the same analytical unit.

PNM Resources, Inc.: Acquisition by Avangrid, Inc. would be positive a...

The potential acquisition by higher credit quality Avangrid of PNM Resources is credit positive and should provide medium and long-term benefits to its utilities.

Moody's announces completion of a periodic review of ratings of PNM Re...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of PNM Resources, Inc.. Global Credit Research- 14 Oct 2020. New York, October 14, 2020-- Moody's Investors Service has completed a periodic review of the ratings of PNM Resources, Inc. and other ratings that are associated with the same analytical unit.

Texas-New Mexico Power Company: Update following negative outlook

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 4 September 2020 Update RATINGS Texas-New Mexico Power Company Domicile Lewisville, Texas, United States Long Term Rating A3 Type LT Issuer Rating Outlook Negative 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 Robert P

Moody's affirms ratings of Texas-New Mexico Power, changes outlook to ...

Rating Action: Moody's affirms ratings of Texas-New Mexico Power, changes outlook to negative. Global Credit Research- 03 Sep 2020. Approximately $770 million of debt outstanding.

Moody's announces completion of a periodic review of ratings of PNM Re...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of PNM Resources, Inc.. Global Credit Research- 06 Nov 2019. New York, November 06, 2019-- Moody's Investors Service has completed a periodic review of the ratings of PNM Resources, Inc. and other ratings that are associated with the same analytical unit.

Texas-New Mexico Power Company: Update to credit analysis

Our credit view of Texas-New Mexico Power Company reflects its low risk T&D profile, constructive Texas regulatory environment and strong and growing service territory.

Texas-New Mexico Power Company: Update to credit analysis

Our credit view of Texas-New Mexico Power Company reflects its low risk T&D profile, constructive Texas regulatory environment and strong and growing service territory.

Please Change Name Jeffrey F. Cassella
  • Please Change Name Jeffrey F. Cassella

Texas-New Mexico Power Company: Regulated T&D Electric Utility Subsidi...

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 23 June 2017 Update RATINGS Texas-New Mexico Power Company Domicile Lewisville, Texas, 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 Jeffrey F. Cassella 212-55

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