Fitch rates Sempra notes A

Fitch Ratings said it assigned an A rating to Sempra Energy's $750 million 6% senior unsecured notes due Oct. 15, 2039.

Proceeds from the debt issuance will be used for general corporate purposes and to repay outstanding commercial paper.

The outlook is stable.

According to Fitch, Sempra's ratings reflect the strength and relative predictability of its electric and natural gas distribution utility cash flows and a balanced California regulatory environment. The ratings also consider Sempra's investment strategy.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.