Fitch assigns SCE bonds BBB+

Fitch Ratings said it assigned a BBB+ rating to Southern California Edison Co.'s first and refunding mortgage bonds.

The bonds are SCE's secured obligations ranking equally with the utility's other senior secured debt.

The proceeds will be used to fund the payment of wildfire claims above the expected insurance proceeds. SCE will also use proceeds to repay commercial paper and for general corporate purposes.

The outlook is positive.

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