Fitch rates Southern Co. notes BBB-

Fitch Ratings said it assigned a BBB- rating to the Southern Co.'s $1 billion of series 2021A 3.75% fixed-to-fixed reset rate junior subordinated notes due Sept. 15, 2051.

The proceeds will be used to redeem a portion of Southern Co.’s $1.5 billion of 2.35% senior notes due July 1. Any remaining proceeds will be used for other general corporate purposes, which may include investment by the company in its subsidiaries.

The Southern Co.’s issuer rating is BBB+ with a stable outlook.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.