| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AEP Texas North Co. > News item |
Fitch rates AEP Texas IDR BBB+
Fitch Ratings said it assigned a long-term issuer default rating of BBB+ to AEP Texas Inc. and affirmed the senior unsecured rating at A-.
The outlook is stable.
AEP Texas is a subsidiary of American Electric Power (AEP; BBB/stable).
Concurrently, Fitch withdrew the ratings of predecessor subsidiaries AEP Texas Central Co. (TCC) and AEP Texas North Co. (TNC).
Effective Dec. 31, TCC and TNC ceased to exist as separate legal entities as a result of a merger into AEP Texas Inc. AEP Texas Inc. assumed the debt of TCC and TNC and will be the debt issuing and reporting entity going forward.
© 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.