Printer Friendly

LILCO $830 MILLION SHELF DEBENTURES RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --

 LILCO $830 MILLION SHELF DEBENTURES RATED 'BBB-' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, June 19 /PRNewswire/ -- Long Island Lighting Co.'s ("LILCO") $830 million shelf registration of debentures is rated "BBB-" by Fitch. The credit trend is improving.
 LILCO is assured of electric rate increases through December 1993 which include unique revenue and fuel ratemaking mechanisms. The ratings also reflect the continued aggressive refinancing of high cost debt and preferred stock, low acid rain exposure, and the recent transfer of ownership of the Shoreham nuclear plant to the Long Island Power Authority.
 -0- 6/19/92
 /CONTACT: Stephen Fedun of Fitch, 212-908-0568/
 (LIL) CO: Long Island Lighting Co. ST: New York IN: UTI SU: RTG


GK -- NY050 -- 1976 06/19/92 14:14 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 19, 1992
Words:125
Previous Article:MESA ROYALTY TRUST ANNOUNCES INCOME DISTRIBUTION
Next Article:FEDERAL MEDIATION & CONCILIATION SERVICE DIRECTOR INVITES AT&T, CWA, IBEW FOR MEETING
Topics:


Related Articles
LILCO $131 MILLION GENERAL & REFUNDING MORTGAGE BONDS RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --
LILCO $363 MILLION 7.95 PERCENT PREFERRED STOCK RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
LILCO $817 MILLION DEBENTURES RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
LILCO $80 MILLION GENERAL & REFUNDING BONDS RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --
LILCO $57 MILLION PREFERRED STOCK RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
LILCO $688 MILLION SHELF RATED 'BBB/BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
LILCO $451 MILLION 9 PERCENT DEBENTURES RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
LILCO $36 MILLION DEBENTURES RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
LONG ISLAND LIGHTING $500 MILLION UNIVERSAL SHELF FOR SENIOR DEBT RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --
LILCO DEBT LOWERED TO 'BBB-' BY FITCH; DEBENTURES, PREFERRED STOCK TO 'BB+' -- FITCH FINANCIAL WIRE --

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters