The PPS Board voted last week to pursue the S&P rating with the hope of receiving a rating similar to KMPA's since PPS makes up 84% of KMPA. Paducah Power's finances were heavily reviewed during the KMPA rating.PPS has traditionally been rated by Moody's Investors Service, Inc. and Fitch Ratings. Earlier this month, Moody's downgraded Paducah Power one notch from "A3" to "Baa1" with a "stable" outlook, which was more favorable than the "BBB" adjustment given to the utility in December by Fitch.
100 Television Lane
Paducah, KY 42003