Fitch rates Sempra Energy

Fitch Ratings said it has assigned an A rating to Sempra Energy's upcoming issuance of $600 million of senior notes.

Proceeds from the issuance are expected to be used to meet an upcoming $500 million maturity and for other corporate purposes.

The outlook is stable.

Fitch said Sempra's ratings reflect the company's financial profile, the low business risk of its utility subsidiaries, Southern California Gas Co. (SoCal Gas) and San Diego Gas & Electric Co., and the company's disciplined approach to unregulated businesses, including power generation, and energy marketing and trading.

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