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Fitch Assigns Entergy Gulf States $275MM Refinancing 'BBB'

Publish Date : 12/2/2004 12:03:00 PM Source : Business News Onlypunjab.com

Fitch Ratings has assigned a 'BBB' rating to Entergy Gulf States, Inc.'s (EGSI) issuance of $225 million floating series first mortgage bonds due Dec. 1, 2009 and $50 million 5.6% series due Dec. 1, 2014. The Rating Outlook is Stable. Proceeds from the issuance will be used to redeem $275 million of floating-rate bonds due in 2007.

For additional information on the ratings, see Fitch Ratings' press release, 'Fitch Rates Entergy Gulf States $200MM 1st Mtge Bonds 'BBB',' dated Nov. 4, 2004, available on the Fitch Ratings web site at 'www.fitchratings.com'.

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