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Fitch assigns A to Ohio Power notes
Fitch Ratings said it assigned an A rating to Ohio Power Co.'s offering of $400 million series S senior notes due in 2033.
The agency affirmed the issuer’s A- issuer default rating and A senior unsecured ratings on Feb. 28.
The proceeds will be used for funding capital expenditures, repaying advances from affiliates and replenishing working capital.
The outlook is stable.
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