Fitch: Southwestern Public Service bonds A-

Fitch Ratings said it assigned an A- rating to Southwestern Public Service Co.'s new $150 million issuance of 3.3% first mortgage bonds due June 15, 2024.

The outlook is stable.

The new notes will rank pari passu with Southwestern's existing senior secured obligations.

Net proceeds will be used to repay short-term debt borrowings and for general corporate purposes, including the funding of Southwestern's capital expenditure program.

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