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Fitch rates SCE bonds BBB+
Fitch Ratings said it assigned a BBB+ instrument rating to Southern California Edison Co.'s first and refunding mortgage bonds (FMB) series 2021J and first and refunding mortgage bonds series 2021K.
SCE intends to use the proceeds to fund the payment of wildfire claims above the amount of expected insurance proceeds. Proceeds will also be used to repay commercial paper used to fund the payment of such wildfire claims and for general corporate purposes.
The outlook is stable.
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