Fitch rates Southern California Edison bonds A+

Fitch Ratings said it assigned an A+ rating to Southern California Edison Co.'s $400 million 3.90% first and refunding mortgage bonds, series 2013 A, due 2043.

The proceeds will be used to repay commercial paper and for general corporate purposes.

The outlook is stable.

The ratings reflect the company's strong and relatively predictable utility earnings and cash flows, Fitch said.

The ratings also consider a balanced regulatory compact in the state of California, along with effective execution of the company's large capital expenditure program and timely recovery of related costs in rates, the agency said.

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