Fitch rates PacifiCorp bonds A-

Fitch Ratings said it assigned an A- rating to PacifiCorp's $300 million issuance of 2.95%, first mortgage bonds due June 1, 2023.

Proceeds will be used to fund utility capital expenditures and for general corporate purposes.

The notes will rank on parity in right of payment with all existing and future secured debt.

The outlook is stable.

Fitch said the rating and outlook reflect the company's solid financial position, competitive resource base and relatively balanced and diversified regulatory environment.

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