Articles > Popular publications > PR Newswire press releases > July-September 1995 > Tuesday, August 8

Article: DCR UPGRADES THE CREDIT RATINGS OF CINERGY'S OPERATING SUBSIDIARIES CINCINNATI GAS & ELECTRIC CO. & PSI ENERGY, INC. TO 'A-'

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PR Newswire
Article date:
August 8, 1995
Copyright

Assigns a New Rating of 'A-' to Union Light Heat & Power Co.

CHICAGO, Aug. 8 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has upgraded the credit ratings of CINergy's operating subsidiaries, Cincinnati Gas & Electric Co. and PSI Energy, Inc. Cincinnati Gas & Electric's first mortgage bonds and collateralized pollution control revenue bonds have been raised to 'A-' (Single-A- Minus) from 'BBB+' (Triple-B-Plus) and the debentures to 'BBB+' (Triple- B-Plus) from 'BBB' (Triple-B). The deferred interest debentures and preferred stock ratings of Cincinnati Gas & Electric have been reaffirmed at 'BBB' (Triple-B). A short-term rating of 'D-1-' (D-One- Minus) has ... 







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