NEW YORK (Standard&Poor's) Dec. 12, 2013--Standard&Poor's Ratings Services said today that it assigned its 'A-3' short-term commercial paper (CP) rating to Rosemead, Calif.-based Edison International's (EIX) $1 billion 4(a)(2) CP program. At the same time, we placed the CP rating on CreditWatch with positive implications. The long-term corporate credit rating on EIX is 'BBB-', and remains on CreditWatch where we placed it with positive implications on Oct. 21, 2013. We are also assigning an 'A-3' short-term corporate credit rating and placing it on CreditWatch with positive implications. We based the ratings on the credit profile of EIX's main subsidiary, electric utility Southern California Edison Co. (BBB+/Stable/A-2), tempered by residual potential exposure to legal and financial risks
