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Prospect News home > News index > List of issuers T > Headlines for TECO Energy Inc. > News item
Published on 5/23/2005 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

Fitch rates TECO Energy notes BB+

Fitch Ratings said it assigned a BB+ rating to TECO Energy Inc.'s new $200 million issue of 6.75% unsecured notes due May 1, 2015.

The outlook is stable.

The net proceeds of this offering, together with cash on hand, is expected to be used to redeem or repurchase in full the $380 million of 10.5% notes due 2007.


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