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Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Southern California Gas Company, San Diego Gas & Electric Company and other ratings that are associated with these issuers. The review was conducted through a rating committee held on 22 November 2024 in which we reassessed...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Recessionary Signals as SPX Tests Resistance; Downgrading Energy to Underweight Our long-term outlook remains neutral on the S&P 500 (SPX) as of our 8/6/24 Compass, after being bullish since early-November 2023. Despite our expectations for a short-term rally since our 8/13/24 Compass, we still see the SPX and Nasdaq 100 (QQQ) as going through a 1- to 4-month pullback/consolidation period, and market dynamics remain concerning. Current price action on the SPX is extremely similar to prior major...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Upgrading Utilities to Overweight The S&P 500 (SPX) is back near YTD highs and testing resistance in the 5670-5783 range, and we view this as an ideal time to reduce risk and shift to defensives. We continue to believe that the SPX and Nasdaq 100 (QQQ) are going through a 1- to 4-month pullback/consolidation that could end up being a topping pattern. To recap, (1) in our 7/30/24 and 8/6/24 Compass reports we discussed how 5100-5191 was our target/bounce area on SPX, (2) we downgraded our long-t...

Sempra: 1 director

A director at Sempra sold 6,100 shares at 75.070USD and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing C...

Sempra: Update to credit analysis

Our credit view of this issuer reflects its credit supportive regulatory environments with access to broad suite of cost recovery mechanisms, constrained by its weak financial metrics.

Sempra Infrastructure Partners, LP: Update to credit analysis

Our credit view of this issuer reflects its long-term contracted operations and stable subsidiary credit quality, constrained by its exposure to emerging market and execution risk.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Sempra and Sempra Infrastructure Partners, LP and other ratings that are associated with these issuers. The review was conducted through a rating committee held on 30 May 2024 in which Moody's reassessed the appropriateness...

Southern California Gas Company: Update to credit analysis

Our credit view of this issuer reflects its our expectation of some headroom in metrics, offset by its elevated litigation and political risk amid high public scrutiny.

Moody's announces completion of a periodic review of ratings of San Di...

Moody's Investors Service (Moody's) has completed a periodic review of the ratings of San Diego Gas & Electric Company and Southern California Gas Company and other ratings that are associated with these issuers. The review was conducted through a rating committee held on 12 January 2024 in which M...

Moody's affirms Sempra's Baa2 rating; stable outlook

Moody's Investors Service (Moody's) affirmed the ratings of Sempra Energy (Sempra), including its Baa2 senior unsecured and Issuer ratings, its Baa3 junior subordinate rating, its Ba1 preferred stock rating as well as the P-2 short-term rating for commercial paper (see full debt list below). The out...

Moody's affirms Baa3 rating of Sempra Infrastructure Partners; stable ...

Moody's Investors Service (Moody's) today affirmed Sempra Infrastructure Partners, LP's (Sempra Infrastructure or SIP) ratings including its Baa3 Issuer rating and senior unsecured notes rating. The outlook is stable. RATINGS RATIONALE "The affirmation of Sempra Infrastructure's ratings with a s...

Sempra Energy: Port Arthur LNG project is credit negative for Sempra a...

Reaching FID on Port Arthur increases construction risk but some factors help to mitigate the negative impact on Sempra and Sempra Infrastructures' business risk.

Sempra Infrastructure Partners, LP: Update to credit analysis

Our credit view of Sempra Infrastructure reflects some geographic and operational diversity, against its emerging market and construction risk exposure and concentrated private ownership.

Sempra Energy: Update to credit analysis

Our credit view of this issuer reflects the diversity and large size of its regulated and unregulated operations, constrained by its structural subordination of parent debt.

Southern California Gas Company: Update to credit analysis

Our credit view of SoCalGas reflects its supportive regulation, cost recovery mechanisms and strong metrics, offset by higher political and carbon transition risk than most peers.

Sempra Energy and Sempra Infrastructure Partners: Size, contract terms...

Projects specifics will determine how much new LNG developments will adversely affect Sempra Energy and Sempra Infrastructure's credit and business risk.

SEMPRA ENERGY loses on its star level and is downgraded to Slightly Po...

The independent financial analyst theScreener just slightly lowered the general evaluation of SEMPRA ENERGY (US), active in the Multiutilities industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date April 1, 2022, th...

Sempra Infrastructure Partners, LP: Assignment of first time ratings

Sempra Infrastructure’s credit reflects the stable credit quality and contracts of its two key subsidiaries, Cameron LNG and IEnova, offset by high leverage and aggressive distributions

Southern California Gas Company: Update to credit analysis

SoCalGas's strong credit profile reflects that of a large fully-regulated gas local distribution company with an elevated political risk and some carbon transition risk.

Sempra Energy: Update to credit analysis

Sempra’s credit reflects diversified regulated businesses, improved metrics, lower holding company debt balanced against exposure to riskier non-utility, but contracted, operations.

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