Fitch assigns A- to PG&E notes

Fitch Ratings said it assigned an A- rating to Pacific Gas & Electric Co.’s (PG&E) $400 million 4% coupon senior unsecured notes.

The agency also assigned an F2 rating to the utility's $250 million floating-rate notes issuance.

The outlook is positive.

Proceeds will be used for general corporate purposes, to repay short-term debt and for the redemption of $160 million of variable-rate pollution control bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.