S&P Global Ratings stripped California power utility PG&E of its investment-grade credit rating and kept it under review for a further downgrade.
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S&P downgrades PG&E ratings to 'junk' statusS&P Global Ratings on Monday stripped PG&E Corp of its investment-grade credit r...
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Global slowdown could push US economy into recession this year, JP Morgan Asset Management warnsOne of Wall Street's largest investing firms warns that a global growth slowdown could sink the U.S. into a recession this year.
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Government debt hits record $66 trillion, 80% of global GDP, Fitch says'Government debt levels are high, leaving many countries poorly positioned for financial tightening as global interest rates begin to move higher,' Fitch's James McCormack says.
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PG&E's Bankruptcy Was Predictable And Could Have Been Prevented With Distributed AssetsWildfires may be the immediate cause of PG&E’s bankruptcy but an outdated regulatory system is also a factor. As such, PG&E’s financial and legal woes could have been mitigated not just by having better oversight but also by making more investments in distributed generation and delivery.
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