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Fitch rates Kansas Gas bonds BBB
Fitch Ratings said it assigned a BBB rating to Kansas Gas & Electric Co.'s anticipated $150 million issuance of first mortgage bonds and simultaneously placed the bonds on Rating Watch positive.
Kansas Gas & Electric and its parent, Westar Energy, remain on Rating Watch positive, where they were placed on June 12, 2007.
The agency expects the proceeds from the secured debt offering be used to repay short-term debt and for general corporate purposes.
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