SAM RAYBURN MUNICIPAL POWER AGENCY (TX) BONDS RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --

PR Newswire | February 12, 1993 | Copyright 
 
    NEW YORK, Feb. 12 /PRNewswire/ -- Sam Rayburn Municipal Power Agency's (TX) $87.5 million power supply system revenue refunding bonds, series 1993B are rated 'BBB-' by Fitch. The rating on $153.4 million power supply system revenue refunding bonds, series 1993A is affirmed at 'BBB-'. The credit trend is stable. The bonds are scheduled to sell on a negotiated basis the week of Feb. 22 by a Paine Webber Inc. syndicate. 
    Due to slower than expected growth in energy demand, the agency finds itself with a large amount of excess generating capacity. The situation will worsen as a ...

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