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- Fitch Rates IPL's First Mortgage Bonds 'BBB+'; Outlook Stable
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB+' rating to Indianapolis Power & Light Company's (IPL, Issuer Default Rating 'BBB-') $170 million in 4.65% first mortgage bonds due June 1, 2043. These notes rank pari passu with other first mortgage bonds of IPL. Proceeds from the debt issuance will be used to redeem 2013 debt maturities and partially fund 2013 construction ...
June 7, 2013 - Business Wire