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DUQUESNE LIGHT $100 MILLION 8.75 PERCENT COLLATERAL TRUST BONDS 'BBB+' BY FITCH -- FITCH FINANCIAL WIRE --

 DUQUESNE LIGHT $100 MILLION 8.75 PERCENT COLLATERAL TRUST
 BONDS 'BBB+' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, May 19 /PRNewswire/ -- Duquesne Light Co.'s $100 million 8.75% first collateral trust bonds due May 15, 2022, are rated 'BBB+' by Fitch. The bonds are a takedown from a $400 million shelf registration previously rated by Fitch. The rating reflects Duquesne's manageable capital requirements, good cash flow, and aggressively leveraged capital structure. The credit trend is improving.
 -0- 5/19/92
 /CONTACT: Robert Hornick of Fitch, 212-908-0564/ CO: Duquesne Light Co. ST: Pennsylvania IN: UTI SU: RTG


PS -- NY064 -- 1823 05/19/92 12:21 EDT
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Publication:PR Newswire
Date:May 19, 1992
Words:106
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