Moody’s gives regulated utilities a negative outlook for the first time

“For the first time since it began rating sectors, Moody’s Investors Service has downgraded its overall outlook of the U.S. utility sector. The rating agency dropped credit from stable to negative for 24 utilities and from positive to stable for one utility, American Electric Power Company.

Moody’s said the change reflects uncertainties from the tax law changes passed in late December.”

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