Fitch Withdraws Ratings On 7 Utilities.Business Editors NEW YORK--(BUSINESS WIRE)--July 20, 2000 Fitch withdraws its ratings on the following entities due to the absence of a formal rating relationship. The following securities are affected: -- Pend Oreille Public Utility District No. 1 (WA), senior secured bonds, 'A-'. -- Florida Power & Light, senior secured bonds, 'AA-', preferred stock, 'A+'. -- Montana Power Company, senior secured bonds, 'A-', senior unsecured bonds, 'BBB+', preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , 'BBB'. -- Montana Power Capital I, trust preferred stock, 'BBB'. -- Nevada Power Company Nevada Power Company is a Las Vegas-based company that produces, distributes and sells electricity in southern portion of the U.S. state of Nevada. As of 2005, Nevada Power had over 700,000 electric customers in parts of three Nevada counties creating a service area of more than , senior secured bonds, 'BBB+', senior unsecured bonds, 'BBB', preferred stock, 'BBB'. -- NVP NVP Network Voice Protocol NVP Nausea and Vomiting of Pregnancy NVP Name-Value Pair NVP National Vice President NVP Nominal Velocity of Propagation NVP N-Version Programming (multiple functionally equivalent program versions) Capital I, trust preferred stock, 'BBB'. -- Cogentrix Energy, Inc., senior secured bonds, 'BBB'. Fitch is an international rating agency that provides global capital market investors with the highest quality ratings and research. Dual headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London with a major office in Chicago, Fitch rates entities in 75 countries and has some 1,100 employees in more than 40 local offices worldwide. The agency, which is a combination of Fitch IBCA IBCA International Braille Chess Association IBCA Institute of Burial and Cremation Administration IBCA Integrated Business Communications Alliance IBCA International Barbeque Cookers Association IBCA Department of Interior Board of Contract Appeals and Duff & Phelps Credit Rating Co., provides ratings for Financial Institutions, Insurance, Corporates, Structured Finance, Sovereigns and Public Finance Markets worldwide. |
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