Moody's pushes Edison view to positive

Moody's Investors Service said it changed the outlooks to positive from stable for Edison International and Southern California Edison Co.

"Southern California Edison has spent more than $4 billion on wildfire mitigation measures over the past three years and has not been found to be the cause of any large, catastrophic wildfires since 2018," said Toby Shea a Moody’s vice president and senior credit officer, in a press release.

Additionally, utility’s progress to address this risk, combined with its access to the state's wildfire fund, have put it on a trajectory to improve its overall credit quality, the agency said.

Concurrently, Moody’s affirmed the issuers’ ratings, including Edison’s Baa3 senior unsecured rating and SCE’s Baa2 senior unsecured rating.

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