Question
According to Fidelity, The Utilities Sector encompasses those companies considered electric, gas or water utilities, or companies that operate as independent producers and/or distributors of
According to Fidelity, "The Utilities Sector encompasses those companies considered electric, gas or water utilities, or companies that operate as independent producers and/or distributors of power." As discussed in class and illustrative of companies in the Utilities Sector, Duke Energy operates in the U.S. primarily through its direct and indirect subsidiaries in geographic areas being subject to regulation by the FERC and other regulatory agencies. Debt to total capitalization ratio, debt credit ratings, and corporate outlook may influence cost of capital. Comparing Nextera Energy Corporate FY2019 10K to FY2020 10K, debt to total capitalization was _____, S&P corporate credit ratings were ____ , Moody's Corporate outlook was ____ and interest rates paid by Nextera on corporate long term debt was ____ due to ____. Complete the sentence by selecting the single best available answer from those presented below.
Group of answer choices
out of compliance with covenants; still investment grade; still stable; lower; JPMorgan Chase Bank actions
still in compliance with covenants; still not investment grade; now negative; higher; JPMorgan Chase Bank actions
out of compliance with covenants; still investment grade; now negative; lower; U.S. Treasury actions
still in compliance with covenants; still investment grade; still stable; lower; Federal Reserve actions
out of compliance with covenants; still not investment grade; still stable; higher; JPMorgan Chase Bank actions
still in compliance with covenants; still investment grade; still stable; lower; U.S. Treasury actions
still in compliance with covenants; still not investment grade; not reported; higher; Federal Reserve actions
out of compliance with covenants; still not investment grade; now positive; higher; Federal Reserve actions
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