By San Antonio Business Journal

Fitch Ratings has assigned an AA+ rating to CPS Energyâ¿¿s planned sale of $50.4 million in senior lien revenue refunding bonds.

The bonds are expected to sell on Oct. 18. Proceeds from the sale will be used to refund outstanding 2002 bonds. Fitch has also affirmed its AA+ rating on $3.9 billion in outstanding senior lien obligations, its AA+ rating on $897.6 million in outstanding junior lien obligations and its F1+ rating on its outstanding $130 million in commercial paper. The rating outlook is stable.

CPS Energy has 713,390 electric customers and 324,702 gas customers. Fitch analysts note that CPS Energy has exhibited consistently strong management practices, and the San Antonio service area continues to grow.

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