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Prospect News home > News index > List of issuers S > Headlines for Southern California Gas Co. > News item |
Fitch rates Southern Calif. Gas bonds AA-
Fitch Ratings said it assigned an AA- rating to Southern California Gas Co.’s (issuer default rating A, stable) $500 million first mortgage bonds, series TT, due 2026.
Proceeds will be used to repay commercial paper and for general corporate purpose.
The outlook is stable.
Fitch said the key rating drivers include the company’s: (a) Remaining uncertainties in the gas leak incident; (b) supportive regulations; (c) significant capital investments; (d) strong credit metrics; and (e) parent subsidiary linkage.
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