Fitch assigns A+ to Eugene, Ore, electric bonds

Fitch Ratings said it assigned an A+ rating to the Eugene Water and Electric Board, Ore.'s $112.26 million electric revenue and refunding bonds.

Fitch also affirmed its A+ rating on $197.8 million of outstanding parity electric revenue bonds. The outlook is stable.

Bond proceeds will be used to pay for capital improvements related to construction of the new Roosevelt Operations Center ($54 million), construction of a new wind project ($26 million) and to refund the remaining 1998 bonds ($32 million) for level savings over the remaining amortization.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.