S&P revises NY State Power Authority outlook to positive

Fri Jan 4, 2013 12:37pm EST

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Jan 4 (Reuters) - Standard & Poor's Ratings Services revised its credit outlook on the New York State Power Authority to positive from stable on Friday, citing strong liquidity and a record of sound debt coverage.

S&P also affirmed its AA-minus long-term rating on the wholesale electricity seller's $1.1 billion of senior debt, according to a statement.