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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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