Fitch: Georgia Power notes A+

Fitch Ratings said it assigned an A+ rating to Georgia Power Co.'s issuance of $400 million series 2012D 0.625% senior notes due Nov. 15, 2015.

These notes are senior unsecured obligations of Georgia Power.

The outlook is stable.

The proceeds will be used for the redemption of Georgia Power's $100 million series 2007F 6.05% senior monthly notes due Dec. 1, 2038 and for general corporate purposes, Fitch said.

The ratings are supported by the solid financial profile of the integrated utility, which benefits from constructive regulation in Georgia that limits regulatory lag, the agency said.

The execution risk associated with this significant project and the attendant external financing needs are also considered in the ratings, Fitch said.

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