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PCG PR H - Pacific Gas And Electric Co News Story

$22.31 0.0  0.0%

Sector
Utilities
Size
Large Cap
Market Cap £4.20bn
Enterprise Value £30.02bn
Revenue £13.44bn
Position in Universe th / 6856

BRIEF-Fitch Downgrades PG&E Corp And Sub IDRS To 'C'

Mon 14th January, 2019 11:32pm
Jan 14 (Reuters) - Fitch:
    * FITCH DOWNGRADES PG&E CORP AND SUB IDRS TO 'C'
    * FITCH SAYS DOWNGRADED PG&E CORP'S AND PACIFIC GAS AND
ELECTRIC
COMPANY'S (PG&E) LONG-TERM ISSUER DEFAULT RATINGS (IDR) TO 'C'
FROM 'BBB-'
    * FITCH SAYS WOULD DOWNGRADE PG&E, PCG TO 'D' IF DEFAULT
UNDER ITS
SENIOR BOND INDENTURE IS NOT CURED OR IF CO FILES FOR BANKRUPTCY
PROTECTION AHEAD OF EOD
    * FITCH SAYS HAS ALSO DOWNGRADED PG&E'S SENIOR UNSECURED
DEBT TO
'CC'/'RR3' FROM 'BBB'

Source text for Eikon:  ID:nFIT7MqWjK 
Further company coverage:  PCG.N 

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