Fitch gives Indiana Michigan notes A

Fitch Ratings said it gave an A rating to Indiana Michigan Power Co.'s offering of series P, 5.625% senior notes due April 1, 2053.

The agency affirmed the issuer’s A rating on Feb. 28.

The proceeds will be used to repay all or a portion of short-term advances that were used to repay the series J, $250 million of 3.2% senior notes that matured on March 15.

The outlook is stable.

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