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CMS ENERGY $440 MILLION SENIOR NOTES RATED 'BB+' BY FITCH -- FITCH FINANCIAL WIRE --

 CMS ENERGY $440 MILLION SENIOR NOTES RATED 'BB+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Oct. 8 /PRNewswire/ -- CMS Energy Corp.'s $440 million new issue of senior deferred coupon notes is rated 'BB+' by Fitch. The issue includes $172 million Series A notes due 1997 and $268 million Series B notes due 1999. The issue is a takedown from a previously rated $550 million shelf registration of senior and subordinated debt. The credit trend is stable.
 The rating largely reflects the credit quality of CMS Energy's regulated subsidiary and principal source of earnings, Consumers Power Co. As of June 30, Consumers Power represented 97 percent and 98 percent, respectively, of CMS Energy's consolidated assets and revenue and all of consolidated earnings.
 The notes are secured by the common stock of these CMS Energy subsidiaries: Consumers Power Co., CMS Enterprises Co., and NOMECO Oil & Gas Co. They will remain secured until CMS Energy's $410 million of bank debt, which is secured by the same common stock, is paid in full or until the banks release and terminate the security interest in the collateral securing the loans. Interest on the notes will be deferred for three years. Net proceeds from the proposed sale of senior notes will be used to partially repay bank loans outstanding under a credit agreement that expires on Dec. 8, 1992.
 -0- 10/8/92
 /CONTACT: Stephen Fedun of Fitch, 212-908-0568/
 (CMS) CO: CMS Energy Corp. ST: Michigan IN: UTI SU: RTG


CK -- NY065 -- 7879 10/08/92 12:57 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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