Fitch gives SCE bonds A-

Fitch Ratings said it gave an A- rating to Southern California Edison Co.'s (SCE) first and refunding mortgage bonds.

Last month, the agency upgraded SCE’s ratings, including its senior secured ratings to A- from BBB+.

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

The outlook is stable.

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