S&P: Hawaiian Electric view negative

Standard & Poor's said it revised the outlook of Hawaiian Electric Industries Inc. and of subsidiary Hawaiian Electric Co. to negative from stable and lowered the short-term ratings to A-3 from A-2.

"The rating actions reflect our view that the next two years are likely to be challenging for [Hawaiian Electric Industries'] electric utilities, which the parent relies on for cash flows to service its own obligations, chiefly debt repayment and common stock distributions," S&P analyst Anne Selting said in a statement.

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