...- Over the past five years, Rosemead, Calif.-based Edison International (Edison), through its main subsidiary Southern California Edison (SCE) has made significant investments and progress on its wildfire mitigation plan (WMP), decreasing its wildfire exposure, despite our expectations for continued severe wildfire conditions within SCE's service territory because of climate change. Furthermore, the company has maintained a valid safety certification and has not yet accessed California's approximate $21 billion wildfire fund, which we also assess as supportive of credit quality. - Therefore, we lowered Edison's downgrade and upgrade thresholds. - We also affirmed our ratings on Edison, including our '###' issuer credit rating, 'A-2' commercial paper rating, '###-' senior unsecured debt issue-level ratings, and '##+' ratings for the company's hybrid instruments. We also affirmed our '###' issuer credit and issue-level ratings for Southern California Edison's senior unsecured debt, 'A-2'...
