Press Release

Fitch Affirms Pedernales Electric Coop., TX’s FMBs at ‘AA-‘; CP Program at ‘F1+’; Outlook Negative

Fitch Ratings has affirmed the following Pedernales Electric Cooperative (PEC), TX ratings:

  • $49.8 million first mortgage bonds (FMBs) series 2002A at ‘AA-‘
  • $200 million private placement commercial paper (CP) program ‘F1+’.

In addition, Fitch affirmed PEC’s Issuer Default Rating (IDR) at ‘AA-‘.

For more information, visit fitchratings.com.