Platte River Receives Upgraded Debt Rating

FORT COLLINS, Colo. -- Fitch Ratings upgraded Platte River Power Authority's long-term credit rating on its subordinate lien debt from 'AA-' to 'AA'. With this upgrade, both senior and subordinate lien debt hold 'AA' ratings.

Brian Moeck, Platte River's general manager is pleased by the upgrade. "We are constantly managing our risks and costs. This will ultimately benefit our owners--the residents of the communities we serve", he said.

According to Fitch, Platte River's subordinate lien debt upgrade to 'AA' reflects "…increased financial strength maintenance of core business mission and indefinitely sidelined electric deregulation initiatives."
Fitch also believes that public power utilities, in general, are better prepared to handle potential variations in their cash flows.

Platte River Power Authority generates and transmits electricity to its owner communities of Estes Park, Fort Collins, Longmont and Loveland for delivery to their utility customers. Platte River's facilities are located along the Front Range, in northwestern Colorado and near Medicine Bow, Wyoming.

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