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Published on 2/22/2024 in the Prospect News Investment Grade Daily.

Fitch rates Georgia Power notes A-

Fitch Ratings said it assigned an A- rating to Georgia Power Co.'s $500 million of series 2024A 5.004% senior notes due Feb. 23, 2027, and $900 million series 2024B 5.25% senior notes due March 15, 2034.

The ratings are in line with those on Georgia Power’s outstanding senior unsecured notes.

Georgia Power intends to use the proceeds to repay all or a portion of its commercial paper and for general corporate purposes.

The outlook is positive.


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