S&P: Awards "BBB" issue rating to subsidiary of NextEra Energy (NEE.US) for proposed bond issuance.
On November 5th, Standard & Poor's assigned a "BBB" issue rating to the junior subordinated debentures to be issued by NextEra Energy Capital Holdings, Inc., a subsidiary of NextEra Energy Inc. ("NextEra Energy" NEE.US), with a maturity date in May 2056 and issued in V series and W series.
The company intends to use the net proceeds from the bonds for capital project investments, repayment of some outstanding commercial paper, and general corporate purposes.
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