Fitch rates PECO bonds A

Fitch Ratings said it assigned a rating of A to the $500 million of 5.35% first and refunding mortgage bonds issued by PECO Energy Co.

The bonds mature March 1, 2018, the agency said.

The outlook is stable.

Net proceeds will be used to refinance commercial paper and for other general corporate purposes, Fitch said, adding that PECO's ratings are supported by its sound credit profile and predictable cash flow, due in large measure to the absence of any meaningful commodity price exposure.

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