Moody’s gives AEP Transmission A2

Moody's Investors Service said it assigned an A2 issuer rating to American Electric Power Co.’s (Baa1, stable) intermediate transmission holding company subsidiary AEP Transmission Co., LLC (AEP Transco).

The operating subsidiaries held by AEP Transco are wholly owned by AEP and operate as transmission only utilities within the AEP's electric utility service territories.

AEP Transco’s outlook is stable.

"AEP Transco's A2 issuer rating is driven by its lower business risk profile as a transmission only holding company operating under the credit supportive regulatory framework established by the Federal Energy Regulatory Commission (FERC)," Moody’s senior credit officer Laura Schumacher said in a news release.

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