Moody's rates Trans-Allegheny Baa2

Moody's Investors Service said it assigned a Baa2 issuer rating to Trans-Allegheny Interstate Line Co.

The outlook for is stable.

The agency said the rating reflects the credit-supportive regulatory environment at the Federal Energy Regulatory Commission for transmission companies, which provides highly predictable cash flows under a formula-based system.

Balancing this, however, is the in-construction status of Trans-Allegheny's primary asset, the Trans-Allegheny Interstate Line, as well as parent company Allegheny Energy, Inc.'s approach to managing its operating subsidiaries as a consolidated system, Moody's said.

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