Fitch Rates Dominion Resources New $400MM & $250MM Senior Notes 'BBB+'
By: Financial News
Fitch has assigned 'BBB+' ratings to the two new issues of senior unsecured notes of Dominion Resources, Inc. (Dominion). The issues consist of $250 million of 5.60% notes due Nov. 15, 2016 and $400 million of floating-rate notes due Nov. 14, 2008. The notes rank equally with all of Dominion's other senior unsecured indebtedness. The net proceeds from the sale of the senior notes will be used for general corporate purposes, including the repayment of existing debt. The Rating Outlook of Dominion is Stable.
For additional information on Dominion's ratings, please refer to Fitch's press release dated Nov. 1, 2006 and credit analysis dated of Aug. 1, 2006.
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. Article Source: http://www.content.onlypunjab.com Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com.
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