Moody's downgrades SCE&G to Baa3 and SCANA to Ba1, ratings remain under review
Moody's Investors Service (Moody's) downgraded the ratings of South Carolina Electric & Gas Company (SCE&G, senior unsecured to Baa3 from Baa2), and its parent company SCANA Corporation (SCANA, senior unsecured to Ba1 from Baa3) and continued the review for downgrade that began on Novemb...
SCANA is a holding company. Through its regulated subsidiaries, the company is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through its non-regulated subsidiary, the company markets natural gas to retail customers in Georgia and to wholesale customers in the southeast. In addition, the company's subsidiary, SCANA Services, Inc. provides primarily administrative and management services to the company's other subsidiaries.
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