Sempra Announces Divestment of Non-Core Assets

Sempra, a US-based energy infrastructure company, has announced plans to divest non-core assets to focus on its US utilities business. This decision is part of a broader strategy to bolster growth in its core US operations.

Divestment Details

The company plans to sell energy assets in Mexico and a minority stake in its infrastructure unit as part of a capital recycling program. This move aims to reduce debt levels and improve the company’s financial stability.

Outlook and Ratings

Moody’s has downgraded Sempra to a negative outlook, citing concerns over its debt levels. However, the outlook for its subsidiaries, SDG&E and SoCalGas, remains stable.

Key Developments

• Sempra is divesting non-core assets to focus on its US utilities business
• The company is selling energy assets in Mexico and a minority stake in its infrastructure unit
• Moody’s has downgraded Sempra to a negative outlook due to debt concerns
• The outlook for SDG&E and SoCalGas remains stable