Business Services Industry
Fitch Rates SCANA MTNs 'A'; South Carolina Electric & Gas FMBs 'A+'
Business Wire, March 1, 2005
NEW YORK -- Fitch Ratings has assigned an 'A-' rating to SCANA Corp's (SCANA) $100 million issuance of unsecured floating-rate medium-term notes (MTNs) due March 1, 2008, and an 'A ' rating to South Carolina Electric & Gas' (SCE&G) $100 million issuance of 5.25% first mortgage bonds due March 1, 2035.
Proceeds will be used to redeem $100 million in floating-rate MTNs at SCANA and refinance $100 million of first-mortgage bonds at SCE&G. The Rating Outlook for both SCANA and SCE&G is Stable.
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