Edison International Long-Term Issuer Credit Rating Raised To 'BBB+'; Short-Term Rating Raised To 'A-2'; Off Watch - S&P Global Ratings’ Credit Research

Edison International Long-Term Issuer Credit Rating Raised To 'BBB+'; Short-Term Rating Raised To 'A-2'; Off Watch

Edison International Long-Term Issuer Credit Rating Raised To 'BBB+'; Short-Term Rating Raised To 'A-2'; Off Watch - S&P Global Ratings’ Credit Research
Edison International Long-Term Issuer Credit Rating Raised To 'BBB+'; Short-Term Rating Raised To 'A-2'; Off Watch
Published Apr 08, 2014
1452 words — Published Apr 08, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Edison International (EIX) subsidiary Edison Mission Energy (EME) has emerged from bankruptcy, removing the risk that EIX's credit profile could suffer from resolving EME's bankruptcy. We are raising our long-term issuer credit rating to 'BBB+' from 'BBB-' on EIX and removing the company from CreditWatch with positive implications. We are raising the senior unsecured debt rating to 'BBB' from 'BBB-' and the short-term rating to 'A-2' from A-3'. The ratings on EIX utility subsidiary Southern California Edison Co. (SCE) are affirmed. The recent announcement of a settlement on rate-related issues surrounding the closure of the San Onofre nuclear plant would, if approved, alleviate many uncertainties about the financial cost of the shutdown, but it does not fundamentally change SCE's creditworthiness.

  
Brief Excerpt:

RESEARCH Edison International Long-Term Issuer Credit Rating Raised To '###+'; Short-Term Rating Raised To 'A-2'; Off Watch Publication date: 08-Apr-2014 Primary Credit Analyst: Todd A Shipman, CFA, New York (1) 212-438-7676; todd.shipman@standardandpoo...

  
Report Type:

Ratings Action

Ticker
EIX
Issuer
Edison International
GICS
Electric Utilities (55101010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Edison International Long-Term Issuer Credit Rating Raised To 'BBB+'; Short-Term Rating Raised To 'A-2'; Off Watch" Apr 08, 2014. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Edison-International-Long-Term-Issuer-Credit-Rating-Raised-To-BBB-Short-Term-Rating-Raised-To-A-2-Off-Watch-1293036>
  
APA:
S&P Global Ratings’ Credit Research. (). Edison International Long-Term Issuer Credit Rating Raised To 'BBB+'; Short-Term Rating Raised To 'A-2'; Off Watch Apr 08, 2014. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Edison-International-Long-Term-Issuer-Credit-Rating-Raised-To-BBB-Short-Term-Rating-Raised-To-A-2-Off-Watch-1293036>
  
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