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Prospect News home > News index > List of issuers S > Headlines for Southern Co. > News item
Published on 5/17/2023 in the Prospect News Convertibles Daily, Prospect News Green Finance Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch rates Southern Co. notes BBB+

Fitch Ratings said it assigned BBB+ ratings to the Southern Co.'s $750 million of series 2023B 4.85% senior notes due June 15, 2028 and $750 million of series 2023C 5.20% senior notes due June 15, 2033.

The agency affirmed Southern Co.’s ratings, including its BBB+ issuer and senior unsecured ratings, on Oct. 4, 2022.

Southern Co. intends to use the proceeds to repay all or a portion of its commercial paper, redeem $1.25 billion of senior notes maturing on July 1, and for general corporate purposes.

The outlook is negative.


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