S&P ups Hawaiian Electric credit outlook to positive from negative

S&P Global Ratings revised its outlook on Hawaiian Electri to positive from negative. S&P views the Hawaii Supreme Court’s decision as supportive of the company’s and its subsidiaries’ credit quality. The court’s ruling increases the likelihood that the global settlement will finalize in its current form, potentially limiting Hawaiian Electric’s (HE) exposure related to the 2023 Maui wildfires at $1.99B, without any additional liabilities, contends the rating agency.