S&P gives BBB- to Allegheny Supply MTNs

Standard & Poor's said it assigned BBB- ratings to Allegheny Supply's $350 million 5.75% medium-term notes due 2019 and $250 million 6.75% medium-term notes due 2039.

The ratings on Allegheny Supply reflect the credit quality of parent Allegheny Energy Inc., S&P said. The ratings on the parent reflect lower-risk regulated operations and cash flow stability of utility subsidiaries Monongahela Power Co., West Penn Power Co. and Potomac Edison Co. and the higher-risk, yet free-cash-flow positive operations of unregulated generation subsidiary Allegheny Supply.

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