Fitch rates Virginia Electric notes A

Fitch Ratings said it assigned A ratings to Virginia Electric and Power Co.'s offering of 2022 series B senior notes due in 2027 and series C senior notes due 2052.

The rating is the same as Fitch’s on the issuer’s other senior unsecured notes. The agency affirmed Virginia Electric’s senior unsecured rating on March 30.

The proceeds will be used for general corporate purposes and to repay short-term debt, which included $1.6 billion in commercial paper as of April 30.

The outlook is stable.

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