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PG&E Corporation Message Board

  • mentges mentges Jan 4, 2001 5:56 PM Flag

    Junk bonds by Fitch!!!

    Here is the quote:
    But a major credit rating
    agency, Fitch Inc., was not impressed by the move and it
    downgraded the debt of both utilities -- Pacific Gas and
    Electric Co. and Southern California Edison (SCE) --
    ``deeply'' into junk bond status.

    ``Default is a real
    possibility for these utilities and their parent companies,''
    Fitch said in a statement. Standard and Poor's also
    downgraded PG&E debt.

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