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Moody’s affirms Southwestern Electric
Moody's Investors Service said it affirmed the ratings of American Electric Power Co., Inc.'s (Baa1, stable) subsidiary Southwestern Electric Power Co., including its senior unsecured rating at Baa2.
The outlook for Southwestern is stable.
Southwestern’s rating reflects its position as a vertically integrated electric utility company operating in diversified and relatively credit supportive regulatory environments, the agency said.
The rating considers the company’s elevated carbon transition risk and the sizeable investments the utility has been making to bring its coal fleet into compliance with environmental regulations, Moody’s added.
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