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Prospect News home > News index > List of issuers P > Headlines for Public Service Co. of Oklahoma > News item |
Fitch rates PSC Oklahoma notes A-
Fitch Ratings said it assigned an A- rating to Public Service Co. of Oklahoma's (PSO) issuance of $475 million of 5.25% series L senior notes due Jan. 15, 2033.
The rating is the same as Fitch’s on PSO’s other senior unsecured notes.
The proceeds will be used for general corporate purposes, including funding PSO's construction program, repaying advances from affiliates and replenishing working capital. PSO had $353 million in advances from affiliates outstanding as of Dec. 28.
The outlook is stable.
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