TEXT-Fitch rates Conn. Light and Power first mortgage bonds 'A'
January 09, 2013 at 12:25 PM EST
Jan 9 - Fitch Ratings has assigned an 'A' rating to Connecticut Light and Power Co.'s (CL&P) $400 million issuance of 2013 series A 2.50% first and refunding mortgage bonds due Jan. 15, 2023. Proceeds will be used to repay outstanding short-term debt. The notes will rank on parity in right of payment with all the existing and future senior secured debt. The Rating Outlook for CL&P is Stable. Stable Outlook: The rating of CL&P and Stable Outlook reflect the beneficial support of a stronger North