Press Release: LPL : Fitch Rates Lubbock Power & Light, TX's $7.7MM Power System Rev Bonds 'A+'; Outlook Stable

SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings assigns an 'A+' rating for the following bonds issued by the city of Lubbock, TX on behalf of its municipally-owned electric utility system known as Lubbock Power & Light (LP&L): --$7.7 million electric light and power system revenue bonds, series 2016. Bond proceeds will fund various improvements to the distribution and transmission system. In addition, Fitch affirms the 'A+' rating on $70.2 million outstanding electric light and power syst