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Article: Fitch Rates Oglethorpe Power Corp.'s $400MM Series 2009B First Mortgage Bonds 'A'; Outlook Stable.
- Article from:
- Entertainment Close-up
- Article date:
- October 20, 2009
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Fitch Ratings assigns an 'A' rating to $400 million Oglethorpe Power Corp.'s (OPC) first mortgage bonds, series 2009B that are anticipated to mature in 2029 (although the maturity will not be finalized until the bonds price).
OPC expects to issue in October 2009. At the same time, Fitch affirms the 'A' rating on OPC's outstanding $1.15 billion first mortgage bonds and the $882 million of outstanding parity pollution control revenue bonds issued for the benefit of OPC by various Georgia development authorities; and the 'A' rating on the outstanding $27 million OPC Scherer Funding Corp. bonds relating to a capital lease. Fitch also affirms the 'F1' short-term ...