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Published on 11/9/2021 in the Prospect News Green Finance Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch rates Southern Co. floaters BBB+

Fitch Ratings said it assigned a BBB+ rating to the Southern Co.'s $600 million of series 2021C floating-rate senior notes due May 10, 2023.

Southern Co.’s long-term issuer default rating is BBB+.

The proceeds will be used to repay all or a portion of commercial paper and for other general corporate purposes, which may include investment by the company in its subsidiaries.

The outlook is stable.


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