Fitch Affs Vermont Electric Cooperative, Inc.'s Sr Secur Obs to 'BBB-'; Revised Outlook to Stable (Centre Daily Times)
Story date: 2008-04-14 08:04:11
Added on: 2008-04-14 08:24:20
Fitch Ratings has affirmed Vermont Electric Cooperative's (VEC) senior secured obligations' rating at 'BBB-'. The Rating Outlook is revised to Stable from Negative. VEC has $44 million in first mortgage bonds outstanding, none of which is publicly held debt. The revised outlook reflects the fair regulatory treatment by Vermont Public Service Board the past few years, approving VEC rate relief ...
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