|
|
Article: AmerenUE's Senior Secured Notes Rated 'AA-' By Fitch Ratings.
- Article from:
- Business Wire
- Article date:
- August 15, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
NEW YORK--(BUSINESS WIRE)--Aug. 15, 2002
Fitch Ratings has assigned an 'AA-' rating to AmerenUE's new $173 million issue of senior secured notes. The senior secured notes will have a 10-year maturity and will be secured by a series of first mortgage bonds. The senior secured notes will cease to be secured by first mortgage bonds when all existing first mortgage bonds are no longer outstanding. At that time, the senior secured notes will become unsecured obligations and will rank equally with the company's other unsecured and unsubordinated obligations. The Rating Outlook is Stable.
Fitch lowered AmerenUE's ratings to their ...