Fitch rates Appalachian Power notes A-

Fitch Ratings said it rated Appalachian Power Co.'s (APCo) offering of $500 million of 4.5% series BB senior notes due Aug. 1, 2032, A-.

The agency affirmed APCo’s A- senior unsecured rating on Dec. 23.

The proceeds will be used for general corporate purposes, including funding APCo's construction program, repaying advances from affiliates and replenishing working capital. APCo had $265 million in advances from affiliates outstanding as of July 25, 2022.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.