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Fitch affirms American Electric Power
Fitch Ratings said it affirmed the ratings for American Electric Power Co. as follows: issuer default rating at BBB; senior unsecured debt at BBB; junior subordinated debentures at BB+; short-term issuer default rating at F2; and commercial paper at F2.
The outlook is stable.
According to the agency, American Electric Power's ratings are supported by the company's ownership of nine electric utility subsidiaries that provide some cash flow diversity and operate in generally balanced regulatory environments.
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