Fitch: AEP Transmission notes A-

Fitch Ratings said it assigned an A- rating to AEP Transmission Co. LLC's $500 million series H senior notes due 2047.

The agency also rates the $125 million notes issued under a reopening of the 3.1% series D senior notes due 2026 at A-.

The notes are unsecured and unsubordinated obligations of AEP Transmission.

Proceeds will be used for general corporate purposes including capital expenditures and repayment of advances from affiliates.

The outlook on AEP Transmission’s BBB+ long-term issuer default rating is stable.

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