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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HE: