Fitch rates Entergy Texas bonds BBB

Fitch Ratings said it assigned a BBB rating to the $500 million of 7 1/8% mortgage bonds due Feb. 1, 2019 issued by Entergy Texas, Inc.

The outlook is stable.

Proceeds will be used to repay $160 million of inter-company revolving credit facility borrowing from Entergy Corp, $100 million of revolving credit facility borrowing, $70 million of assumed debt and outstanding money pool obligations. Remaining funds will be used for working capital and general corporate purposes.

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