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Hawaiian Electric Engages Guggenheim in Wake of Maui Wildfire Suits.

Authors :
Basu, Reshmi
Chediak, Mark
Butt, Rachel
Source :
Bloomberg.com; 8/22/2023, pN.PAG-N.PAG, 1p
Publication Year :
2023

Abstract

(Bloomberg) -- Hawaiian Electric Industries Inc. said it is seeking advice from various experts, including Guggenheim Securities as it takes steps to determine the fallout from the deadly wildfires in Maui. The company has been cut to junk by all three major credit ratings firms, with Fitch Ratings estimating that potential liabilities may top $3.8 billion, "representing an existential threat to the company.". [Extracted from the article]

Subjects

Subjects :
HAWAIIANS
WILDFIRES
CREDIT ratings

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
170060974