Fitch: Southwestern Public Service bonds A-

Fitch Ratings said it assigned an A- rating to Southwestern Public Service Co.'s $300 million 3.4% first mortgage bonds due Aug. 15, 2046.

The bonds will rank pari passu with the company’s other senior secured obligations.

The outlook on Southwestern’s BBB long-term issuer default rating is stable.

Net proceeds will be used for general corporate purposes, including the repayment of short-term debt and the funding of the utility's capex program.

© 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.