Summary: Ohio Power Co. Jun 11
Standard & Poors, June 2011
Abstract
Standard & Poor's Ratings Services bases its ratings on Ohio Power Co. on the consolidated credit profile of its parent, American Electric Power Co. Inc. (AEP), which includes regulated and unregulated operations. We consider Ohio Power's business risk profile excellent and its financial risk profile aggressive. (For more on business risk and financial risk, see "Business Risk/Financial Risk Matrix Expanded," published May 27, 2009, on RatingsDirect on the Global Credit Portal.) Columbus, Ohio-based AEP has $18.5 billion of outstanding debt, of which Ohio Power comprises $2.6 billion. Ohio Power is a vertically integrated, quasi-regulated electric utility that provides service in central and southern Ohio. It participates in the AEP Power Pool, sharing the revenues and costs of pool sales to...
Companies mentioned in this report are: Ohio Power Co.,American Electric Power Co. Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Ohio Power Co.,American Electric Power Co. Inc.
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