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Fitch Updates Comparative Analysis Tool for U.S. Public Power Sector

February 7, 2014



NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has published an updated mid-year version of its U.S. Public Power Peer Study Addendum.

The mid-year version of the Addendum contains operating and financial data for 131 Fitch-rated public power issuers including retail and wholesale utility systems, and rural electric cooperatives. It provides updated statistics and metrics for utilities with fiscal years ending Sept. 30, 2013 (as available), as well as revised medians to reflect updated statistics and rating actions taken through Dec. 31, 2013.

The interactive Excel based analytical tool features a dynamic charting application that allows the user to generate a quick graphic representation of how a utility's selected financial metrics compare to the respective medians. It also offers tools for comparing a utility's key financial metrics to median calculations on a notch-specific rating basis for comparable entities rated within the same rating category (i.e. 'AA', 'A', 'BBB') and against the entire portfolio of Fitch-rated issuers.

The Addendum is available on the company's website, at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: U.S. Public Power Peer Study -- February 2014

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=735601

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.



Fitch Ratings

Stacey Mawson, +1 212-908-0678

Associate Director

Fitch Ratings, Inc.

One State Street Plaza

New York, NY 10004

or

Dennis Pidherny, +1 212-908-0738

Managing Director

or

Media Relations:

Elizabeth Fogerty, +1 212-908-0526

elizabeth.fogerty@fitchratings.com

Source: Fitch Ratings


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