MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has
affirmed its 'BBB+' corporate credit rating on Sempra Energy and its 'A'
corporate credit ratings for Sempra's wholly-owned utility subsidiaries, San
Diego Gas & Electric Co. (SDG&E) and Southern California Gas Co.(SoCal Gas).
The outlook for all entities is stable.
Sempra Energy's corporate credit rating reflects its consolidated credit
profile, including subsidiaries SDG&E and SoCal Gas, as well as the various
unregulated ventures under Sempra Global, the rating agency said.
S&P said it considers regulation in California as exceptionally supportive
of credit quality to allow it to separate the corporate credit ratings of the
utilities from those of the parent and unregulated subsidiaries.
The stable outlook reflects expectation for consistent and predictable
financial performance at the utilities and Sempra Generation, S&P said.
TFN.newsdesk@thomson.com
npr/ans
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