Fitch affirms Ohio Valley Electric

Fitch Ratings said it affirmed Ohio Valley Electric Corp.'s issuer default rating and senior unsecured debt at BBB-, and its secured debt at BBB.

The outlook is stable.

The ratings reflect the financial strength of the company's sponsors, favorable generation cost profile as well as uncertain or emerging environmental rules and regulations, according to the agency.

American Electric Power Co., Inc. (BBB/stable) through its subsidiaries is the largest shareholder in the company with a stake of about 43%.

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