Fitch affirms OGE

Fitch Ratings said it affirmed the ratings of OGE Energy Corp. and its subsidiaries Oklahoma Gas & Electric Co. and Enogex, Inc.

Affirmed ratings include OGE's A long-term issuer default and senior unsecured debt ratings and F1 short-term issuer default and commercial paper ratings; Enogex's BBB long-term issuer default and senior unsecured debt ratings; and Oklahoma Gas & Electric's B+ long-term issuer default rating, AA- senior unsecured debt and F1 short-term issuer default rating.

The outlook is stable.

The agency said the ratings for OGE reflect the strong and stable cash flow from the company's regulated operations and its unregulated subsidiaries and the low degree of consolidated financial leverage at the parent company.

The ratings also take into consideration the higher risk nature of the non-regulated natural gas related activities at Enogex, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.