Fitch assigns Virginia Electric notes A-

Fitch Ratings said it assigned an A- rating to Virginia Electric and Power Co.'s offering of 2014 series A senior notes due 2024 and 2014 series B senior notes due 2044.

Proceeds will be used for general corporate purposes, including the repayment of short-term borrowings.

The outlook is stable.

The notes will rank on parity in right of payment with all the existing and senior unsecured debt and will be senior in right of payment to all the existing and future subordinated debt.

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