Fitch Rates FP&L Mortgage Bonds 'AA-'; Outlook Stable (Business Wire via Yahoo! Finance)
Story date: 2007-10-08 01:45:00
Added on: 2007-10-09 00:00:19
NEW YORK----Fitch Ratings has assigned an 'AA-' rating to Florida Power & Light Company's new $300 million issue of first mortgage bonds, 5.55% series due Nov. 1, 2017. Proceeds will be added to general corporate funds and may be used to repay short-term borrowings and for other corporate purposes.
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