HYDRO-QUEBEC SENIOR UNSECURED DEBT RATED 'AA'
CHICAGO, Feb. 2 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has rated Hydro-Quebec's debentures and medium-term notes AA' (Double-A). In a previous press release, Duff & Phelps incorrectly stated that the "Grand Baleine contract" with the New York Power Authority had been cancelled. It should have correctly stated that Hydro-Quebec has lost revenues from the canceled 1,000 mw contract with the New York Power Authority. Grand Baleine is not part of that contract, but is a plant to be built for native load. Lost revenues from cancellation of the New York Power Authority contract will not be available to offset a part of capital costs. -0- 2/2/93 /CONTACT: William A. Abrams of Duff & Phelps, 312-368-3112/
CO: Hydro-Quebec ST: Quebec IN: UTI SU: RTG
GK -- NY079 -- 1958 02/02/93 14:08 EST
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|Date:||Feb 2, 1993|
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