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Fitch rates Ohio Edison notes BBB+
Fitch Ratings said it assigned a BBB+ instrument rating to Ohio Edison Co.'s senior unsecured notes issuance.
The agency upgraded the issuer’s senior unsecured rating to BBB+ from BBB on July 22.
The proceeds will be used to repay borrowings outstanding under FirstEnergy Corp.'s regulated company money pool, finance capital expenditures, fund working capital and for general corporate purposes.
The outlook is stable.
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