Moody’s comments on financial guarantors’ exposure to California utilities

Following SoCal Edison’s 8-K filing with the SEC yesterday, Moody’s cut the utility’s senior unsecured debt rating to Caa2 from Baa3, keeping the rating on review for further downgrade. PG&E was also downgraded by Moody’s to Caa2 from Baa3 and remains on review. Moody’s rating outlook for the financial guarantors with exposure to these two utilities remains stable.

ST. LOUIS, Mo., Jan. 18, 2001 (BUSINESS WIRE) – Cass Information Systems (Nasdaq:CASS) announces that it has entered into a letter of agreement to acquire business and substantially all assets of “The Utility Navigator௿½,” a division of privately held InSITE Services, Inc., White Plains, N.Y.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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