Moody's lifts Edison Intl from junk

Moody's Investors Service said it upgraded the ratings of Edison International's senior unsecured rating to Baa3 from Ba2 and upgraded the ratings of subsidiary Southern California Edison Co. (senior secured to A3 from Baa2).

The outlook for Edison International and SoCal Edison is stable.

Moody's said the rating action for Edison International reflects management's stated plans to de-lever the company over the next 12 months and considers the significant amount of liquidity that exists at the holding company.

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