TEXT-Fitch cuts OGE Energy's IDR to 'A-'
Posted on June 20, 2012 at 12:17 PM EDT
June 20 - Fitch Ratings has downgraded the Long-term Issuer Default Rating (IDR) of OGE Energy Corp. (OGE) to 'A-' from 'A' and the Short-term IDR and Commercial Paper rating to 'F2' from 'F1'. Simultaneously, Fitch has affirmed Oklahoma Gas & Electric Company (OG&E) at 'A' and Enogex LLC (Enogex) at 'BBB'. The Rating Outlook for all entities is Stable. Approximately $2.7 billion of debt is affected by these actions. A full list of rating actions follows this release. KEY RATING RATIONALE:
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