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Prospect News home > News index > List of issuers N > Headlines for Nevada Power Co. > News item |
Fitch rates Nevada Power notes BBB-
Fitch Ratings said it assigned a BBB- rating to the $125 million 7.375% general and refunding mortgage notes, series U, due Jan. 15, 2014 of Nevada Power Co. (doing business as NV Energy).
The outlook is positive.
Proceeds will be used to repay amounts outstanding under the company's revolving credit facility with Wachovia Bank, NA.
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