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PLATTE RIVER POWER AUTHORITY (COLORADO) REFUNDED BONDS RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 20 /PRNewswire/ -- Platte River Power Authority's (Colorado) rating on $106.1 million electric revenue bonds, series I is revised to AAA' from AA' by Fitch. The refunded bonds are secured by an irrevocable escrow comprised of cash, and direct, non-callable obligations of the U.S. government. Arthur Andersen & Co. has verified the mathematical accuracy of the computations showing that the escrowed securities will be sufficient to pay interest, principal, and the redemption price of the refunded bonds to their respective call or maturity dates.
 Details of the prior lien electric revenue bonds to be refunded and redemption provisions are listed below:
 Series I: all bonds ($82,770,000) maturing on June 1, 1997 to 2016, inclusive, will be called on June 1, 1996, at a redemption price of 102. $23,355,000 maturing on June 1, 1993 to 1996, inclusive, and June 1, 2018, will be redeemed at par at maturity (or sinking fund installment redemption date).
 -0- 1/20/93
 /CONTACT: Susan M. Courtney of Fitch, 212-908-0503/


CO: Platte River Power Authority ST: Colorado IN: UTI SU: RTG

CK -- NY041 -- 6872 01/20/93 12:09 EST
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Publication:PR Newswire
Date:Jan 20, 1993
Words:191
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