Fitch rates Southern Power BBB+

Fitch Ratings said it assigned a BBB+ rating to Southern Power Co.'s issuance of $300 million series 2013A 5.25% senior notes due July 15, 2043.

The outlook is stable.

The ratings and stable outlook for Southern Power are based upon consistent credit metrics generated by the company, a disciplined low-risk business model, visibility of cash flows due to the highly contracted nature of the generation output, and conservative financial strategy employed by management.

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