fixed-income
Credit Ratings











Moody's
S&P
Pinnacle West Capital Corporation



Corporate Credit Rating

A3
A-
Senior Unsecured Debt      A3    BBB+ 
Commercial Paper


P-2
A-2
Outlook


Negative
Stable
Arizona Public Service Company




Corporate Credit Rating

A2
A-
Senior Unsecured Debt

A2
A-
Commercial Paper


P-1
A-2
Outlook


Negative
Stable

Lines of Credit and Short-Term Borrowings

The table below presents the consolidated credit facilities and the amounts available and outstanding as of March 31, 2020 (dollars in millions):

Credit Facility Expiration Amount
Committed
Unused
Amount
Commitment
Fees
Pinnacle West Revolving Credit Facility July 2023 $200 $100 0.125%
APS Revolving
Credit Facility
June 2022 500 70 0.100%
APS Revolving
Credit Facility
July 2023 500 500 0.100%
Total
$1,200 $670

Pinnacle West and APS maintain committed revolving credit facilities in order to enhance liquidity and provide credit support for their commercial paper programs.  

On March 31, 2020, PNW and APS had no outstanding commerical paper borrowings. PNW had $33M in outstanding short-term loan borrowings.

 

Maturity Profile ($MM)

Email Alerts

*
*

 
Enter the code shown above.

Unsubscribe