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Fitch Rates PSI Energy's $400MM Debentures 'BBB+'.
Business Editors
NEW YORK--(BUSINESS WIRE)--Sept. 19, 2003
Fitch Ratings assigns a 'BBB+' rating to PSI Energy Inc.'s $400 million issue of debentures due 2013. The debentures are pari passu with the senior unsecured debt of PSI Energy Inc. (PSI). The Rating Outlook is Stable.
PSI's ratings reflect the stable cash flows of its integrated electric utility operations and solid credit protection measures, as well as the expectation that retail competition will be delayed in Indiana for the foreseeable future. Concerns relate to the uncertainty of the outcome of a pending rate order. Additionally, PSI is indirectly exposed to its parent's and affiliates' unregulated ...
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Source: HighBeam Research, Fitch Rates PSI Energy's $400MM Debentures 'BBB+'.