Sempra Infrastructure’s Mexico Subsidiary Credit Rating Upgraded by Fitch

Instant Max AI

(Sempra, 14.Mar.2022) — Sempra Infrastructure, a majority owned subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced that Fitch Ratings has upgraded its Mexico subsidiary’s long-term foreign and local currency issuer default rating as well as its senior unsecured notes to ‘BBB+’ from ‘BBB’. The outlook remains stable.

The ratings upgrade is a result of the integration of Sempra Infrastructure as a company that consolidated Mexico’s operating company and Sempra’s LNG business to advance three growth platforms – clean power, energy networks, and LNG and net-zero solutions – to capture new opportunities aligned with the global energy transition.

According to Fitch, this result is based on structural factors such as predictable and stable cash flows, as well as a competitive position in the energy infrastructure sector in Mexico. 

This upgrade strengthens Sempra Infrastructure’s financial position to advance its growth and investment strategy in North America through the development of large-scale projects in the region. 

“This credit ratings upgrade demonstrates the trust in our new platform strength,” said Tania Ortiz Mena, group president, Clean Power and Energy Networks for Sempra Infrastructure. “We are proud of our performance as we continue advancing energy infrastructure investments in North America that can create new jobs and support economic prosperity and social benefits for Mexico.”

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