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Fitch Ratings upgrades NYPA’s outlook

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MASSENA — Fitch Ratings this week revised its outlook of the New York Power Authority from stable to positive and affirmed the authority’s high AA rating.

Fitch Ratings cited NYPA’s low-cost power, solid customer base and conservative hydroelectric flow forecasts among the “key rating drivers” supporting the upgraded outlook.

“I am especially proud of the exceptional leadership shown by NYPA President and CEO Gil Quiniones and NYPA Chairman John Koelmel which helped make this upgrade possible,” Gov. Andrew M. Cuomo said Friday in a prepared statement.

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