Press Release

Fitch Affirms Pedernales Electric Cooperative, TX’s First Mortgage Bonds at ‘AA-‘; Outlook Stable

Fitch Ratings has affirmed the ‘AA-‘ rating on the following series of Pedernales Electric Cooperative’s (PEC) first mortgage bonds.

Approximately $271 million series 2002A; In addition, Fitch affirms PEC’s Issuer Default Rating (IDR) at ‘AA-‘. The Rating Outlook is Stable.

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