Fitch rates Georgia Power notes A-

Fitch Ratings said it assigned an A- rating to Georgia Power Co.'s $700 million of series 2023C floating-rate senior notes due May 8, 2025.

The rating is consistent with Fitch’s ratings on the issuer’s outstanding senior unsecured notes.

Georgia Power intends to use the proceeds to repay all or a portion of its commercial paper borrowings, which stood at $550 million as of Thursday, and for general corporate purposes.

The outlook is stable.

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