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Article: San Diego Gas & Electric Mortgage Bonds Affirmed 'A+' By Fitch - Fitch Financial Wire -
- Article from:
- PR Newswire
- Article date:
- October 16, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Oct. 16 /PRNewswire/ -- San Diego Gas and Electric Co.'s (SDG&E) 'A+' first mortgage bonds, and 'A' preferred and preference stock are affirmed by Fitch Investors Service following the announcement to merge SDG&E's parent company, Enova Corp. (Enova) with Pacific Enterprises (Pacific), the parent company of Southern California Gas Co., into a new holding company. As proposed, the merger will involve a pooling of interests between the parent companies and will leave the utility operating companies' capital structures intact. The merger is subject to the approvals of various regulatory authorities and the shareholders of both companies. Enova and Pacific expect ...