Fitch Affirms Paducah Power System, KY’s Revs at ‘BBB’; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the ‘BBB’ rating on the following Paducah Power System, KY (PPS) revenue bonds: –$41.1 million revenue bonds series 2009A. The Rating Outlook is Stable. SECURITY The bonds are secured by a first lien on PPS’s net revenues derived from electric system operations. KEY RATING DRIVERS STABLE OPERATING PERFORMANCE: The current rating reflects the implementation of a rate recovery plan (the plan) in 2015 and the stronger operating performance exh