Fitch: Detroit Edison view stable

Fitch Ratings said it affirmed Detroit Edison Co.'s ratings and revised its outlook to stable from positive:

Detroit Edison was affirmed at long-term issuer default rating BBB, short-term issuer default rating F2, senior secured debt A-, preferred stock BBB and short-term commercial paper F2.

Fitch said the outlook revision reflects the unlikelihood of a ratings upgrade in the near to medium term due to exposure to a weak local economy and the company's large capital expenditure program through 2012.

For the 12 months ended Sept. 30, the issuer's debt-to-EBITDA ratio was 3.1 times.

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