Fitch Maintains Ratings of SCANA & Subsidiaries

CHICAGO--(BUSINESS WIRE)-- Following the announcement on June 27, 2016, Fitch Ratings has reviewed its previous intention to withdraw rating coverage of SCANA Corp (SCG) and its operating subsidiaries: South Carolina Electric and Gas Co. (SCE&G), Public Service Co of North Carolina (PSNC) and South Carolina Fuel Company (SCFC). Fitch has opted to continue coverage until further notice.

Fitch currently rates SCG and its subsidiaries as follows:

SCG

--Long-Term Issuer Default Rating (IDR) 'BBB-';

--Senior unsecured debt 'BBB-';

--Short-Term IDR 'F3';

--Commercial paper 'F3'.

SCE&G

--Long-Term IDR 'BBB';

--First mortgage bonds 'A-';

--Senior unsecured debt 'BBB+';

--Short-Term IDR 'F2';

--Commercial paper 'F2'.

PSNC

--Long-Term IDR 'BBB';

--Senior unsecured debt 'BBB+';

--Short-Term IDR 'F2';

--Commercial paper 'F2'.

SCFC

--Commercial paper 'F2'.

The Rating Outlook is Stable.

Date of Relevant Rating Committee: June 9, 2016

Additional information is available on www.fitchratings.com

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160722005778/en/

Fitch Ratings
Sam G. Haddad
Senior Director
Business and Relationship Management
+1-312-368-3190
Fitch Ratings, Inc.
70 West Madison St.
Chicago, IL, 60602
or
Media Relations:
Alyssa Castelli, +1 212-908-0540
[email protected]

Source: Fitch Ratings

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