Credit Ratings
Moody's S&P
Pinnacle West Capital Corporation
Corporate Credit Rating A3 A-
Commercial Paper P-2 A-2
Outlook Stable Stable
Arizona Public Service Company
Corporate Credit Rating A2 A-
Senior Unsecured Debt A2 A-
Commercial Paper P-1 A-2
Outlook Stable Stable

Lines of Credit and Short-Term Borrowings

The table below presents the consolidated credit facilities and the amounts available and outstanding as of Deecmeber 31, 2016 (dollars in millions):

Credit Facility Expiration Amount
Committed
Unused
Amount
Commitment
Fees
Pinnacle West Revolving Credit Facility May 2021 $200 $200 0.125%
APS Revolving
Credit Facility
May 2021 500 500 0.100%
APS Revolving
Credit Facility
September 2020 500 500 0.100%
Total $1,200 $1,200

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

At December 31, 2016, PNW had $1.7 million of outstanding commercial paper and APS had $135.5 million of outstanding commercial paper.

 

Maturity Profile ($MM)