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Southern California Edison Company -- Moody's downgrades Edison International to Baa3 and Southern California Edison to Baa2; outlooks negative

Moody's Investors Service ("Moody's") today downgraded Edison International's (Edison) ratings, including senior unsecured rating to Baa3 from Baa1 and the ratings of its principal subsidiary Southern California Edison Company (SCE) including its senior unsecured rating to Baa2 from A3. At the same time, we have downgraded Edison's short-term ratings for commercial paper to P-3 and affirmed SCE's at P-2.