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MDU RESOURCES GROUP $105 MILLION SECURED NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 MDU RESOURCES GROUP $105 MILLION SECURED NOTES RATED 'A' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, April 14 /PRNewswire/ -- MDU Resources Group, Inc.'s new issue of $105 million secured medium-term notes is rated "A" by Fitch. The notes are in six tranches: $15 million 5.8 percents due 1994; $10 million 6.3 percents due 1995; $10 million 6.95 percents due 1996; $5 million 7.2 percents due 1997; $30 million 8.25 percents due 2007; and $35 million 8.6 percents due 2012. All tranches mature on April 1.
 The company's senior debt was raised to "A" from "A-" on April 7. The credit trend is stable. The issue is a takedown of a $150 million secured medium-term note shelf registration filed earlier this month.
 The rating is supported by continued solid earnings contributions by the electric and gas distribution operations and non-regulated coal and oil subsidiaries, as well as the resolution of the last take-or-pay contract at MDU's wholly owned pipeline subsidiary, Williston Basin Interstate Pipeline Co. While pipeline earnings will continue to be impacted by a gas repurchase agreement and its inability to sell the stored gas, consolidated earnings should continue to improve. Electric and gas distribution operations accounted for 44 percent of 1991 consolidated earnings, coal operations 23 percent, and oil operations 19 percent. The remaining 14 percent of earnings was from the pipeline unit.
 -0- 4/14/92
 /CONTACT: Ed King of Fitch, 212-908-0574/
 (MDU) CO: MDU Resources Group, Inc. ST: North Dakota IN: UTI SU: RTG


GK -- NY057 -- 8331 04/14/92 13:45 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
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