Moody's Investors Service (NYSE:MCO) said the natural gas pipeline explosion in San Bruno won't have an affect on the credit rating of Pacific Gas & Electric Co. (NYSE:PCG).
It is thought the $992 million in insurance PG&E has will be adequate to cover the expenses, even with the relatively small $10 million deductible.
Last week, Standard & Poor's said they have PG&E rating on review for a potential downgrade, although it's unsure what they're seeing which would justify that, at least in the short term.
Moody's said they are maintaining a "Baa1" senior unsecured debt rating on PG&E and an "A3" senior unsecured debt rating on the subsidiary of the energy company.
The outlook by Moody's for PG&E and its subsidiary remains "Stable."
Showing posts with label Standard and Poors. Show all posts
Showing posts with label Standard and Poors. Show all posts
Tuesday, September 14, 2010
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