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The senior unsecured debt ratings of PNMR's recently acquired subsidiary, Texas New Mexico Power Company (TNMP), have been upgraded to 'BBB' from 'BB'.
TNP) and Texas New Mexico Power Company (TNMP) on Rating Watch Positive following the announcement of the acquisition of the group by PNM Resources (Resources).
TNP) and Texas New Mexico Power Company (TNMP) as listed at the bottom of this press release following Fitch's review of a draft order by the Public Utility Commission of Texas (PUCT) regarding TNMP's stranded cost recovery filing.
TNP) and Texas New Mexico Power Company (TNMP) as noted below.
; TNP Enterprises, which owns Texas New Mexico Power Company and was the first leveraged buyout of an integrated electric utility; and SpectraSite Holdings, Inc.