Fitch Says Downgraded Hawaiian Electric Industries, Long-Term IDR To 'B' From 'BBB+' And Hawaiian Electric Company Long-Term IDR To 'B' From 'A-'
Portfolio Pulse from Happy Mohamed
Fitch Ratings has downgraded Hawaiian Electric Industries' long-term issuer default rating (IDR) to 'B' from 'BBB+' and Hawaiian Electric Company's long-term IDR to 'B' from 'A-'.
August 21, 2023 | 5:03 pm
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Hawaiian Electric Industries' long-term IDR has been downgraded by Fitch Ratings, which could negatively impact investor confidence.
Credit ratings are a significant factor in determining a company's ability to meet financial commitments. A downgrade usually indicates a perceived increase in risk which can negatively impact investor confidence and potentially the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100