AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in

 

 S&P Downgrades PG&E To Junk, Launching Countdown To $800 Million Collateral Call

View previous topic View next topic Go down 
AuthorMessage
RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

S&P Downgrades PG&E To Junk, Launching Countdown To $800 Million Collateral Call Vide
PostSubject: S&P Downgrades PG&E To Junk, Launching Countdown To $800 Million Collateral Call   S&P Downgrades PG&E To Junk, Launching Countdown To $800 Million Collateral Call Icon_minitimeWed Jan 09, 2019 9:51 pm

One of the biggest surprises involving the ongoing collapse of troubled California utility PG&E is how it was possible, that with the company reportedly contemplating a DIP loan ahead of a possible bankruptcy filing which sent PCG stock plunging and its bonds cratering to all time lows, that rating agencies still had the company rated as investment grade.

S&P Downgrades PG&E To Junk, Launching Countdown To $800 Million Collateral Call PG%26E%20notes

Late on Monday, this question got some closure after S&P became the first rating agency to take a machete to its rating for PG&E, when it downgraded the company by five notches, from BBB- to B, the fifth-highest junk rating; S&P warned that more cuts are imminent.

https://www.zerohedge.com/news/2019-01-08/sp-downgrades-pge-junk-launching-countdown-800-million-collateral-call?fbclid=IwAR2srdn9-aYSgIk0FsZ4zL4YnkvMCKv9cwkEmyYm_mpuN9NjmAPxrUPXBcU
Back to top Go down
 

S&P Downgrades PG&E To Junk, Launching Countdown To $800 Million Collateral Call

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-