AEP.SG announced a cash dividend of 0.83 with an ex-date of Feb. 9, 2023
|Bid||86.74 x 300000|
|Ask||86.82 x 300000|
|Day's Range||85.59 - 86.75|
|52 Week Range||73.74 - 104.68|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Announcement of Periodic Review: Moody's announces completion of a periodic review for a group of North American Utilities issuersGlobal Credit Research - 25 Aug 2022New York, August 25, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings -and other ratings that are associated with the same analytical units for the rated entity(entities) listed below.The review was conducted through a portfolio review discussion held on 18 August 2022 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. A possible outcome from periodic reviews is a referral of a rating to a rating committee.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Rating Action: Moody's downgrades Ohio Power to Baa1, outlook stableGlobal Credit Research - 22 Aug 2022Approximately $3 billion of debt affectedNew York, August 22, 2022 -- Moody's Investors Service ("Moody's") downgraded Ohio Power Company's (Ohio Power) Issuer and senior unsecured ratings to Baa1 from A3 and changed its outlook to stable from negative. Ohio Power is a transmission and distribution utility subsidiary of American Electric Power Company, Inc. ("AEP", Baa2 stable).RATINGS RATIONALE"We expect Ohio Power's credit metrics to remain weak relative to those of other A3 rated utility peers for at least the next two years" said Nana Hamilton, Vice President - Senior Analyst. Significant increases in debt to finance Ohio Power's high capital expenditures continue to exert negative pressure on a credit profile already weakened by the loss of commission approved transition riders in 2018.
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