Fitch upgrades Edison International

Fitch Ratings said it upgraded Edison International's issuer default and senior unsecured ratings to A-from BBB+.

The agency also said it affirmed the issuer default rating of Southern California Edison at A-, along with its short-term issuer default rating at F1, senior secured rating at A+, senior unsecured rating at A, senior secured pollution control revenue bonds at A+, senior unsecured pollution control revenue bond at A, preferred securities at BBB+, SCE Trust I 5.625% trust preference securities at BBB+, SCE Trust II 5.10% trust preference securities at BBB+, SCE Trust III fixed- to floating-rate trust preference rating at BBB+, commercial-paper rating at F1 and short-term secured rating at F1.

The outlook is stable.

The ratings reflect the company's solid consolidated Edison International's credit metrics, improved consolidated business risk profile, strong and relatively predictable utility earnings and cash flows and a balanced regulatory compact in the state of California, the agency said.

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