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Fitch rates ComEd bonds BBB+
Fitch Ratings said it assigned a BBB+ rating to Commonwealth Edison Co.'s $350 million 3.8% first mortgage bonds due Oct. 1, 2042.
The outlook is stable.
Proceeds will be used to repay outstanding commercial paper and for general corporate purposes.
ComEd's credit quality measures will be hurt for the remainder of 2012 by a recently implemented rate reduction but will support current ratings, Fitch said.
Current ratings expect higher rates and stronger credit quality measures in 2013, the agency added.
The ratings also consider rising capital expenditures, commodity price exposure and liquidity, the agency noted.
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