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Fitch Rates Snohomish PUD No. 1
Friday, October 10, 2008

SAN FRANCISCO----Fitch Ratings has assigned an 'F1+' rating to the Snohomish Public Utility District No. 1's $60 million, generation system revenue notes, series 2008A. Proceeds will refund Snohomish PUD's outstanding series 1995 generation bonds and fund a termination payment for the swap associated with those bonds as well as costs of issuance.

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