S&P lowers Eversource credit rating, utility blasts CT regulators, claims customers to pay price
This latest ratings action is independent confirmation that the Connecticut regulatory environment is harming the ability of electric, water and gas companies to hold financing costs down for
Eversource & Avangrid warn of higher prices after their credit ratings take a hit
Utility companies in Connecticut are warning customers that bills are likely to go up again. Eversource, Connecticut Natural Gas (CNG), and Southern Connecticut Gas (SCG) all had their credit ratings lowered in the last week from a rating in the A range down to a BBB+.
Eversource responds to this week’s credit rating downgrades
S&P announced on Monday that Eversource’s credit rating has been downgraded. Eversource said it is bad news for customers.
S&P downgrades 4 CT utility companies’ credit ratings, citing ‘regulatory’ issues
Credit-rating agency Standard & Poor (S&P) has downgraded the credit rating of four Connecticut utilities, saying that the state’s “regulatory construct … will increase the utilities' cash flow volatility,
Eversource says its credit downgrade will cost CT customers
Connecticut’s largest utility company, Eversource, has had its credit rating downgraded by the Standard and Poor’s agency. This means its customers in the state might have to pay higher rates.
Eversource credit rating downgraded just days after Avangrid's due to CT regulatory climate
The credit rating downgrade for Eversource by Standard & Poor's comes after the rating agency took similar action against two CT gas companies
S&P Global downgrades Intel's credit rating on slow recovery, management changes
S&P Global Ratings on Tuesday downgraded chipmaker Intel Corp's credit rating to 'BBB' from 'BBB+', on slow business recovery ...
Paramount Global’s Near-Term Credit Outlook Is “Not Going To Change Just Because They’re Being Bought By Skydance,” S&P Analyst Says
Some call Skydance's $8 billion deal to merge with Paramount Global a rescue mission. But an S&P Global analyst thinks it's ...
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Ithaca faces delays in financial audits, enters 2025 without credit rating
The City of Ithaca remains three years behind on financial audits, causing the city to lose its credit rating and face higher ...
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AM Best Affirms Credit Ratings of Lonpac Insurance Bhd
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) ...
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Korea’s credit rating hangs in balance after failed attempt to impeach president
The credit rating Korea has boasted for the last 10 years could face downward pressure amid domestic political instability ...
Ellington Credit: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)
Ellington Credit Company's transition to a CEF, facing issues obtaining shareholder approval despite support. Click for this ...
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AM Best Withdraws Credit Ratings of Caring Communities Insurance Company
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit ...
PF Chang’s Proposes Debt Extension Poised to Improve Junk Rating
Restaurant chain PF Chang’s China Bistro Inc. wants to ease short-term debt pressures by extending the maturity of a loan due ...