Fitch affirms OGE; Enogex on watch

Fitch Ratings said it has affirmed the issuer default ratings and outstanding debt ratings of OGE Energy and placed Enogex LLC on rating watch negative as follows:

OGE Energy at long-term issuer default rating affirmed at A; senior unsecured affirmed at A; short-term issuer default rating affirmed at F1 and commercial paper affirmed at F1; and

Enogex's long-term issuer default rating BBB and senior unsecured debt BBB.

Fitch said that its rating actions follow the announcement that OGE will contribute 100% of its ownership in Enogex to a newly formed joint venture with Energy Transfer Partners LP (issuer default rating: BBB-), to form ETP Enogex Partners LLC.

The outlook is stable.

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