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Fitch assigns AA-/F1+ to Energy Northwest, Wash., electric revenue bonds
Fitch Ratings said it assigned an AA-/F1+ rating to $208.83 million in variable-rate electric revenue refunding bonds, series 2008-F-1 and 2008-F-2, issued by Energy Northwest Project 3, Wash. The outlook is positive.
The expected sale date is June 17.
The short-term F1+ rating is based on a standby bond purchase agreement provided by Dexia Credit Local, acting through its New York branch.
Fitch also affirmed its AA- rating on outstanding Energy Northwest debt, including $2.459 billion in Columbia Generating Station bonds, $2.013 billion in Nuclear Project No. 1 bonds and $1.976 billion in Nuclear Project No. 3 bonds.
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