Fitch Affirms and Withdraws Tucson Electric Power Co.'s Ratings

Fitch Ratings has affirmed and withdrawn the existing ratings for Tucson Electric Power Co. for commercial reasons. A complete list of ratings follows at the end of this press release.

Fitch affirms and withdraws the following ratings:

Tucson Electric Power Co.

--Long-Term IDR at 'BBB';

--Short-term IDR at 'F2';

--Unsecured bank credit facility at 'BBB+';

--Unsecured industrial revenue bonds at 'BBB+'';

--Unsecured pollution control revenue bonds at 'BBB+';

--Unsecured notes at 'BBB+'.

The Rating Outlook is Positive.

Additional information is available on www.fitchratings.com

Applicable Criteria

Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage (pub. 17 Aug 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=869362

Additional Disclosures

Dodd-Frank Rating Information Disclosure Form

https://www.fitchratings.com/creditdesk/press_releases/content/ridf_frame.cfm?pr_id=999173

Solicitation Status

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=999173

Endorsement Policy

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

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