Fitch: Virginia Electric notes A-

Fitch Ratings said it assigned an A- rating to Virginia Electric and Power Co.'s $585 million issuance of series D 4.65% senior unsecured notes due Aug. 15, 2043.

The outlook is stable.

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

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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