S&P Rts Tucson Elec Pwr's $247M Indus Dev Rev Bnds `B' - S&P Global Ratings’ Credit Research

S&P Rts Tucson Elec Pwr's $247M Indus Dev Rev Bnds `B'

S&P Rts Tucson Elec Pwr's $247M Indus Dev Rev Bnds `B' - S&P Global Ratings’ Credit Research
S&P Rts Tucson Elec Pwr's $247M Indus Dev Rev Bnds `B'
Published Sep 18, 1997
Published Sep 18, 1997
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Abstract:

NY -- Standard&Poor's CreditWire 9/18/97 -- Standard&Poor's today assigned its single-'B' rating to Tucson Electric Power Co.'s aggregate $247.46 million unsecured industrial revenue bonds, issued by the Industrial Development Authority of the County of Pima (Arizona). The issue comprises three series as follows: -- $22.46 million industrial development revenue bonds, 1997 series A, due Sept. 1, 2025; -- $150 million industrial development revenue bonds, 1997 series B, due Sept. 1, 2029; and -- $75 million industrial development revenue bonds, 1997 series C, due Sept. 1, 2029. The company's corporate credit rating is double-`B'-minus. The outlook is positive. Tucson Electric's speculative-grade rating reflects a weak business position combined with extremely frail debt protection measures. Risks, such as

  
Report Type:

News

Ticker
3304Q
Issuer
Tucson Electric Power Co.
GICS
Electric Utilities (55101010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Rts Tucson Elec Pwr's $247M Indus Dev Rev Bnds `B'" Sep 18, 1997. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-Tucson-Elec-Pwr-s-247M-Indus-Dev-Rev-Bnds-B-8986>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Rts Tucson Elec Pwr's $247M Indus Dev Rev Bnds `B' Sep 18, 1997. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-Tucson-Elec-Pwr-s-247M-Indus-Dev-Rev-Bnds-B-8986>
  
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