Advertisement

PG&E drops again after S&P cuts rating to junk

PG&E's shares plunged again on Tuesday.S&P Global cut the California power company's credit rating to "B" from "BBB-," which is the lowest tier of so-called investment-grade ratings.S&P cited political and regulatory pressures and uncertainty over PG&E's potential liabilities from the 2017 and 2018 wildfires.Analysts estimate that could be as much as $30 billion.Reuters correspondent David French

Multimedia

Advertisement

Most Popular Videos

Advertisement