Fitch: Wepco debentures A+

Fitch Ratings said it assigned an A+ rating to Wisconsin Electric Power Co.'s(Wepco) new $250 million issue of 3.65% senior unsecured debentures due Dec. 15, 2042.

The outlook is stable.

The new debentures will rank equally with Wepco's other senior unsecured debt.

The proceeds will be used to repay short-term debt and for working capital and other general corporate purposes.

The company's credit profile reflects the predictable cash flows of its regulated electric, gas and steam businesses, Fitch said.

Each of the businesses operate with a fuel and purchased power recovery mechanism that limits commodity price exposure and cash flow volatility and lowers business risk, the agency said.

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