12:53 PM EDT, 05/31/2024 (MT Newswires) -- Fitch Ratings on Thursday affirmed Emera's ( EMRAF ) "BBB" long-term issuer default rating.

Also, Fitch affirmed the long-term issuer default ratings on Emera's ( EMRAF ) subsidiaries. The long-term issuer default ratings of Tampa Electric and Peoples Gas System were affirmed at 'A-" and New Mexico Gas at "BBB+".

The rating outlooks for the companies remain "negative." The outlook on New Mexico Gas has been revised to "stable" from "negative."

Additionally, the rating agency affirmed the debt security ratings for Emera's ( EMRAF ) senior unsecured, preferred shares and junior subordinated debt ratings at "BBB", "BB+" and "BB+", respectively. Fitch has affirmed Tampa Electric and Peoples Gas System senior unsecured debt ratings at "A" and Emera US Finance LP's senior unsecured debt rating at "BBB".

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