TEXT-Fitch cuts Edison Mission Energy, Midwest Generation to 'C'
November 20, 2012 at 11:16 AM EST
Nov 20 - Fitch Ratings has downgraded Edison Mission Energy (EME) and Midwest Generation LLC's (MWG) Long-term Issuer Default (IDR) ratings to 'C' from 'CC'. Fitch has also affirmed EME's senior unsecured debt and recovery ratings at 'C' and RR5, respectively. Fitch notes that MWG's secured working capital facility expired in June 2012. Approximately $3.7 billion of long-term, senior unsecured debt is affected by the rating action. The ratings of Edison International (EIX) and Southern Californ