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Moody's upgrades Edison to A2
Moody's Investors Service said it upgraded the senior unsecured rating of Edison International Inc. to A3 from Baa2 and of Southern California Edison Co. to A2 from A3.
The outlooks are stable.
Moody's said the primary driver of the rating action was its more favorable view of the relative credit supportiveness of the U.S. regulatory environment.
The ratings at Southern California Edison reflect the low business risk profile of a regulated utility with mainly transmission and distribution operations and financial metrics that are consistent with its rating level, the agency said.
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