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Published on 8/17/2020 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

Fitch assigns Oglethorpe Power bonds BBB+

Fitch Ratings said it assigned its BBB+ rating to about $450 million of first mortgage bonds, series 2020A being issued by Oglethorpe Power Corp.

Proceeds will be used to fund a portion of the company's capital plan and pay costs of issuance.

The bonds are expected to price this week.

The outlook is negative.


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