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The Avangrid and Eversource credit downgrades are the most recent of several issued over recent months. All have contributed to an increasingly hostile relationship between the utility industry ...
Credit ratings influence the interest rates that corporate and municipal borrowers are able to get from lenders.
Calling Connecticut “the least credit supportive utility regulatory environment in the U.S.,” Moody’s Ratings downgraded the ...
S&P lowers Eversource credit rating, utility blasts CT regulators, claims customers to pay price. By Edmund H. Mahony Hartford Courant; Dec 10, 2024 Dec 10, 2024 Updated Dec 11, 2024; ...
Eversource said bills could go up and the negative impact could be long-lasting after S&P Global downgraded its credit rating, along with some natural gas companies.
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 said Monday it will cut what it invests in the reliability of its Connecticut electric system by a quarter next year ... The credit rating agencies Standard & Poor’s and Moody’s ...
With a lower credit rating, these utility companies […] HARTFORD, Conn. (WTNH) — Eversource and natural gas customers could see an increase in their bills down the line because of a change in ...
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.
Credit rating agency S&P Global reduced its grades on Monday for Eversource and several operating subsidiaries, potentially driving up their borrowing costs.