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Fitch Ratings Affirms PPL Montana, LLC at 'BBB'; Outlook Stable.

CHICAGO -- Fitch Ratings has affirmed the 'BBB' rating of PPL Montana, LLC's (PPLM) pass-through trust certificates due 2020. The affirmation reflects ongoing strong operating and financial performance, and fixed charge coverage ratios continue to exceed 3.0 times (x). The rating is based on PPLM's long-term financial profile, and price volatility in the electricity market remains the primary risk factor. The Rating Outlook is Stable, as the regulatory and competitive environments are not expected to change significantly in the near term.

Since the passage of House Bill 25, which reversed previous deregulation legislation, NorthWestern Corp. (NWEC) has solicited bids for ...

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