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Article: PSI Energy first mortgage bonds raised to 'BBB' by Fitch. (Fitch Financial Wire)
- Article from:
- PR Newswire
- Article date:
- December 27, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. 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)
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PSI ENERGY FIRST MORTGAGE BONDS
RAISED TO 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --
NEW YORK, Dec. 27 /PRNewswire/ -- PSI Energy, Inc.'s, $630 million first mortgage bonds are raised to 'BBB' from 'BBB-' by Fitch. The company's $116 million preferred stock is raised to 'BBB-' from 'BB-'. The credit trend is stable. The issues are removed from General Review.
The upgrades reflect PSI Energy's financial progress over the past several years, as demonstrated by significant improvement in its financial measures, including interest coverage, cash flow, return on equity and debt leverage. Constructive regulatory treatment and stringent ...