We expect American Electric Power Co. Inc. ?s (AEP) financial performance will improve after incorporating its asset sales, common equity issuance, securitization financings, rate case orders, and recently enacted legislation in Ohio. We also expect AEP?s consolidated funds from operations (FFO) to debt will remain above 13% starting in 2025. We revised our outlooks on AEP and its subsidiaries, including Kentucky Power Co. , to stable from negative. We also affirmed our ratings, including the ?BBB+? issuer credit rating on AEP, ?BBB? senior unsecured debt rating, ?BBB? junior subordinated debt rating, ?BBB-? junior subordinated debt rating, and ?A-2? commercial paper rating for AEP. The stable outlook reflects our expectation that AEP?s consolidated financial measures, including its funds from operations (FFO)
