CNL - Cleco Corporation

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  • Moody's4 months ago

    Louisiana Public Facilities Authority -- Moody's confirms Cleco Corporate Holdings at Baa3; affirms Cleco Power at A3; outlooks stable

    Moody's Investors Service ("Moody's") today confirmed the Baa3 issuer and senior unsecured ratings of Cleco Corporate Holdings LLC (Cleco). At the same time, Moody's affirmed the A3 issuer and senior unsecured ratings for Cleco's primary subsidiary, Cleco Power LLC (Cleco Power). "Cleco has made several credit positive commitments to regulators as the company looks to complete the acquisition of certain unregulated generation assets" stated Nana Hamilton, analyst.

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