S&P affirms Edison International

S&P said it affirmed its BBB+ issuer credit ratings on Edison International and subsidiary Southern California Edison Co. The outlooks remain negative.

At the same time, S&P affirmed the BBB senior unsecured debt rating at Edison International, the BBB+ senior unsecured debt rating at subsidiary Southern California Edison, the BBB- rating on Southern California Edison's preferred stock and the A ratings on Southern California Edison's secured debt.

S&P also affirmed the short-term A-2 ratings at Edison International and Southern California Edison Co.

“The ratings affirmation follows the California State Legislature's approval of Senate Bill 901 (SB 901) and our high degree of confidence that the bill will be enacted into law. In our view, the bill's provisions are designed to protect credit quality and to limit the wildfire risks to California's regulated electric utilities,” S&P said in a news release.

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