The 'BB+' corporate credit rating on Rosemead, Calif.-based utility holding company Edison International and the 'BBB' corporate credit rating of its wholly owned subsidiary, Southern California Edison Co. (SCE) are supported by the consolidated financial and credit profiles of Edison International, SCE, and Edison Funding Corp. (EFC). The credit quality of these companies is evaluated independently of their merchant energy affiliates, Mission Energy Holding Co., Edison Mission Energy, Homer City Funding, Midwest Generation LLC, Midwest Funding LLC, and Edison Mission Midwest Holdings. Co. The Edison International and SCE ratings reflect the following strengths: Expectations that SCE and EFC will produce sound operating cash flow coverage of their own debt service, as well as Edison International's debt service; SCE's California Public
