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Published on 11/8/2022 in the Prospect News Bank Loan Daily, Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

Fitch rates SoCalGas bonds AA-

Fitch Ratings said it rated Southern California Gas Co.'s (SoCalGas) $600 million 6.35% green first mortgage bonds, series YY, due Nov. 15, 2052, AA-.

The agency affirmed the AA- senior secured debt rating on March 30.

The proceeds will be used to finance and/or refinance, in whole or in part, investments in one or more new or existing eligible projects under parent Sempra's sustainability financing framework.

The outlook is stable.


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