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Prospect News home > News index > List of issuers S > Headlines for South Jersey Industries, Inc. > News item
Published on 3/30/2021 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P rates South Jersey Industries debentures BBB-

S&P said it assigned its BBB- issue-level rating to South Jersey Industries Inc.'s proposed junior subordinated debentures due 2031.

“We rate the securities one notch below our BBB long-term issuer credit rating on South Jersey Industries to reflect their subordination. The instrument is subordinated to all of the company's future and existing priority indebtedness, including the debt at its operating subsidiaries,” S&P said in a news release.


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