DBRS Rates PSCo’s $350 million First Mortgage Bonds Issue at A (low)

DBRS has today assigned a rating of A (low) with a Stable trend to the $350 million of 6.25% Series No. 17 First Mortgage Bonds (FMB) issue of Public Service Company of Colorado (PSCo), maturing on September 1, 2037.

The FMBs rank equally with all of PSCo’s other First Mortgage Bonds. Proceeds from the issue will be used to repay PSCo’s outstanding short-term indebtedness and for general corporate purposes.

PSCo is a wholly-owned subsidiary of Xcel Energy Inc.

Note:
All figures are in U.S. dollars unless otherwise noted.