Fitch assigns PacifiCorp bonds A-

Fitch Ratings said it assigned an A- rating to PacifiCorp's offering of first mortgage bonds.

The outlook is stable.

Proceeds will be used to repay short-term debt and for general corporate purposes. The notes will rank equally and ratably with all other debt issued under the mortgage.

PacifiCorp's rating and stable outlook reflect its solid financial position, competitive resource base and balanced regulatory treatment.

Fitch said key rating drivers include the company's solid financial position, balanced rate treatment diversified across six state regulatory jurisdictions, revised capital plan, good stand-alone liquidity and ownership by MidAmerican Energy Holdings Co. (BBB+, stable).

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