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Fitch rates AEP Texas notes BBB+
Fitch Ratings said it gave a BBB+ rating to AEP Texas Inc.'s offering of unsecured series J senior notes.
The notes rank equally with AEP Texas' other unsecured and unsubordinated indebtedness, Fitch said.
The proceeds will be used for the repayment of advances from affiliates and for other general corporate purposes relating to the company’s utility business.
The outlook is stable.
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