Fitch Ratings Withdraws Potomac Capital's 'F2' CP Rating.Business Editors New York--(BUSINESS WIRE)--Aug. 16, 2002 Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. withdraws Potomac Capital Investment Corp.'s (PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). ) 'F2' commercial paper rating. PCI terminated its $291.5 million CP program and 364-day bank credit facility following the acquisition of Conectiv by Pepco Holdings, Inc. (PHI phi n. Symbol  The 21st letter of the Greek alphabet.PHI, n See health information, protected. ), PCI's parent. As a registered participant of the Pepco Holdings, Inc. Money Pool, PCI will fund its short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. borrowing needs directly from PHI's Money Pool. PHI's commercial paper is rated 'F2'. PCI will continue to issue term debt through its 'BBB+' Medium Term Note Program. The Rating Outlook is Stable. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion