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PCG PR A - Pacific Gas And Electric Co News Story

$29.34 0.4  1.5%

Sector
Utilities
Size
Large Cap
Market Cap £5.50bn
Enterprise Value £31.24bn
Revenue £13.39bn
Position in Universe th / 6846

BRIEF-S&P Says PG&E And Unit Downgraded To 'CC' On Expected Bankruptcy Filing

Mon 14th January, 2019 11:29pm
Jan 14 (Reuters) - S&P Ratings:
    * S&P SAYS PG&E CORP. AND SUBSIDIARY DOWNGRADED TO 'CC' ON
EXPECTED BANKRUPTCY FILING; RATINGS REMAIN ON CREDITWATCH
NEGATIVE
    * S&P SAYS PG&E, UNIT'S CREDITWATCH NEGATIVE PLACEMENT
REFLECTS
ANNOUNCEMENT IT IS NOT LIKELY TO MAKE $21.6 MILLION INTEREST
PAYMENT DUE ON 5.4% SENIOR NOTES DUE JAN. 15, 2040

Source text: (https://bit.ly/2RPtVhg)
Further company coverage:  PCG.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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