Fitch assigns Black Hills notes BBB

Fitch Ratings said it has assigned a rating of BBB to Black Hills Corp.'s $250 million 9.0% senior unsecured notes due 2014.

The notes were priced on May 11, 2009 and the issuance and delivery are expected to occur on May 14, the agency said, adding that proceeds from the issuance will be used to pay down a portion of the $353 million of borrowings on the bridge acquisition facility established to fund the July 14 purchase of five natural gas and electric utility properties from Aquila, Inc.

The outlook is stable.

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