S&P: Even in a Worst-Case Scenario, California Crisis Won't Hurt Insurers

Carpenter-Kasprzak, Sheri
February 2001
Bond Buyer;02/01/2001, Vol. 335 Issue 31068, p7
Trade Publication
Details a report released by Standard & Poor's analyst, Richard Smith, which predicts that the California power crisis that has plagued two utilities does not pose a threat to ant of the bond insurers' ratings. Limited exposure of the companies to Southern California Edison Co. and Pacific Gas & Electric Co.; Assessment that potential ultimate losses on unsecured debt may be insignificant.


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