Fitch rates Baltimore Gas notes A

Fitch Ratings said it assigned an A rating to Baltimore Gas and Electric Co.'s $600 million offering of notes due in 2031.

A portion of the note proceeds will be used to repay outstanding commercial paper, to redeem $300 million aggregate principal amount of 3.5% notes due Nov. 15, 2021 and for general corporate purposes.

The company’s long-term issuer default rating is A-, and the outlook is stable.

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