Fitch Ratings has assigned a rating of 'A' to Public Service Co. of Colorado's (PSCo) $400 million issuance of 3.20% first mortgage bonds (FMBs), series No. 21, due Nov. 15, 2020. The FMBs are senior secured obligations of the company and rank pari passu with all other existing and future senior secured indebtedness. Proceeds from the issuance will be used to fund a portion of PSCo's $739 million acquisition of the 652-MW Rocky Energy Mountain Center and the 310-MW Blue Spruce Energy Center natural gas assets from Calpine Corp. The Calpine asset purchase has received approval from the Federal Energy Regulatory
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