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.