Moody's assigns Aaa/VMIG1 to Ohio Power, W.Va., bonds

Moody's Investors Service said it assigned a rating of Aaa/VMIG1 to the West Virginia Economic Development Authority's solid waste disposal facilities revenue refunding bonds (Ohio Power Co. - Mitchell Project), series 2008A.

Sale of the $65 million of bonds is expected on June 4.

The bonds are supported by the letter of credit provided by the Royal Bank of Scotland plc, rated Aaa-rating under review for its long-term bank deposits and Prime-1 for its short-term bank deposits.

Moody's currently maintains a rating of A3 on Ohio Power Co.

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