S&P cuts PG&E ratings to junk, warns of further downgrade

S&P Global Ratings on Monday stripped California power utility PG&E Corp of its investment-grade credit rating and kept it under review for a further downgrade, citing political and regulatory pressure and uncertainty as it faces massive claims stemming from deadly wildfires.


from Reuters: Top News https://reut.rs/2SG6YKM S&P Global Ratings on Monday stripped California power utility PG&E Corp of its investment-grade credit rating and kept it under review for a further downgrade, citing political and regulatory pressure and uncertainty as it faces massive claims stemming from deadly wildfires.

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