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Fitch lowers Energy Future to CC
Fitch Ratings said it downgraded the issuer default ratings of Energy Future Holdings Corp. and Energy Future Intermediate Holding Co. LLC to CC from CCC.
Fitch said the downgrade is driven by the disclosure in the second quarter 10-Q filed on Aug. 2, which indicates that management may contemplate a voluntary Chapter 11 filing for some or all of Energy Future Holdings' subsidiaries (excluding the ring-fenced Oncor entities).
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