Fitch rates Oklahoma Gas & Electric notes AA-

Fitch Ratings said it assigned an AA- senior unsecured rating to Oklahoma Gas & Electric Co.'s $250 million issuance of 6.35% senior notes due Sept. 1, 2018.

The outlook is stable.

Proceeds from the issuance will be used to fund, in part, the acquisition of the Redbud power plant and to repay a portion of outstanding commercial paper borrowings as well as short-term borrowings from parent company OGE Energy.

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