Fitch rates Virginia Electric notes A

Fitch Ratings said it gave an A rating to Virginia Electric and Power Co.'s (VEPCo) offering of 2021 series A senior notes due in 2031 and 2021 series B senior notes due in 2051.

Fitch rates VEPCo A- with a stable outlook.

The company will use the proceeds general corporate purposes and to repay short-term debt, which included $685 million in commercial paper as of Oct. 31.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.