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PSI ENERGY $100 MILLION 7.44 PERCENT PREFERRED STOCK RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, March 22 /PRNewswire/ -- PSI Energy, Inc.'s (PSI) $100 million 7.44 percent $25.00 cumulative preferred stock is rated 'BBB' and placed on FitchAlert with positive implications. The issue is a takedown of a previously rated shelf registration.
 The 'BBB' rating is based on PSI's credit quality on a stand-alone basis. The alert reflects the potential impact of a proposed merger with Cincinnati Gas & Electric Co. (CG&E). Also, IPALCO Enterprises, Inc., the parent company for Indianapolis Power & Light Co. last week launched a hostile tender offer for all the shares of PSI's parent company, PSI Resources, Inc.
 Remaining on FitchAlert with positive implications are PSI's 'BBB+' first mortgage bonds and secured pollution control bonds, 'BBB' unsecured pollution control notes and preferred stock, and 'F-2' commercial paper.
 -0- 3/22/93
 /CONTACT: Ed King of Fitch, 212-908-0574/
 (PIN)


CO: PSI Energy, Inc. ST: Ohio IN: UTI SU: RTG

LD -- NY097 -- 8406 03/22/93 17:33 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:160
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