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WASHINGTON PUBLIC POWER SUPPLY SYSTEM $690 MILLION REVENUE BONDS SERIES 1993C RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Sept. 7 /PRNewswire/ -- Washington Public Power Supply System's $690 million nuclear project Nos. 1 and 3 refunding revenue bonds, series 1993C, are rated "AA" by Fitch. Approximately $6.7 billion outstanding "AA" parity bonds are affirmed. The credit trend is declining.
 In evaluating the supply system, considerable weight is given to the Bonneville Power Administration's position as the leading power marketer in the Pacific Northwest, it's large transmission network, competitive rates and ability to defer repayments to the U.S. Treasury. Bonneville's new 10-year financial plan and business strategy aimed at improving its position in the utility business also are viewed favorably. In an effort to improve overall competitiveness, the agency has undertaken a multifaceted program intended to unbundle generation and transmission services, increase employee efficiency, focus more on customer service and achieve long-term rate stability.
 Credit risks focus on current weakness in Bonneville's financial position, slower economic growth in the region, recurring problems at nuclear project No. 2, and ongoing environmental considerations.
 -0- 9/7/93
 /CONTACT: Alan Spen, 212-908-0594, or Rebecca Bachman, 212-908-0516, both of Fitch/


CO: Washington Public Power Supply System ST: Washington IN: UTI SU: RTG

TS -- NY048 -- 9346 09/07/93 12:55 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
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