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TEXAS UTILITIES ELECTRIC $550 MILLION SENIOR DEBT RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Sept. 22 /PRNewswire/ -- Texas Utilities Electric Co.'s (TUEC) new $550 million first mortgage and collateral trust bonds are rated 'BBB' by Fitch. The bonds are a takedown from a previously rated shelf registration. The credit trend is stable. The new issue includes $125 million 5-1/2 percent noncallable bonds due Oct. 1, 1998, $125 million 6-1/4 percent noncallable bonds due Oct. 1, 2004, and $300 million 7-3/8 percent bonds, noncallable for 10 years, due Oct. 1, 2025. The proceeds will be used to refund 13 different series of first mortgage bonds totaling $515 million with maturities from 1999 to 2007, and other corporate purposes.
 The rating reflects Fitch's expectations that key financial measurements will improve significantly once the Comanche Peak nuclear plant is substantially in rate base.
 -0- 9/22/93
 /CONTACT: Stephen Fedun of Fitch, 212-908-0568/


CO: Texas Utilities Electric Co. ST: Texas IN: UTI SU: RTG

PS -- NY044 -- 4672 09/22/93 12:11 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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