NEW YORK, Aug 20, 2014 (BUSINESS WIRE) -- Fitch Ratings has assigned its 'A' rating to the Southern Company's issuance of $400 million series 2014A 1.30% senior notes due Aug. 15, 2017 and $350 million series 2014B 2.15% senior notes due Sept.
Southern Company (NYSE: SO ) did it again. For the third straight quarter, the utility exceeded earnings expectations. But with a substantial investment in increasingly archaic coal, is Southern Company as solid as it seems? Here's what you need to know.
The firm said it lowered its rating on the holding company, which owns common stock in companies such as Alabama Power (ALP-N_), Georgia Power (GPE-A_), and Mississippi Power (MP-D_), due to its belief Southern will deliver a small earnings growth ...
For long-term utility investors, Southern Company (NYSE:SO) is still a buy. With an above average current yield and the potential for a tapering of capital expenses budgets over the next three years, SO stock price should respond favorably.