Moody's Investors Service ("Moody's") assigned a Baa2 rating to Sempra Energy's (Sempra, Baa1) Junior Subordinated Notes due 2079 ("Notes") offering. The outlook of Sempra is negative. The Baa2 rating assigned to the Notes is one notch below Sempra's Baa1 senior unsecured rating and reflects the security's relative position in the company's capital structure compared to its senior unsecured debt.