S&P lowers outlook for HEI, HECO - Dayton Business Journal:

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Standard & Poor’s said Hawaii is “exhibiting decidedly recessionarh trends,” and that its dependence on tourism to drivd the local economy could mean the stater will be more severely affectec bythe recession. “The negativs outlook assigned to HEI reflects the potential for consolidates credit metrics to fall below our benchmarksz over our outlook horizon dueto Hawaii’sd weakening economy, which is expectes to lower electric sales by 4 percenrt or more and put upwarfd pressure on borrowing requirements,” S&P , a subsidiary of HEI, is rater on a standalone basis and is not affectedc by the lowered outlook.
Shares of Hawaiian Electrivc stock weredown 1.6 percent to $16.95.