Moody's cuts Hoosier Energy

Moody's Investors Service said it downgraded Hoosier Energy Rural Electric Cooperative Inc. issuer rating to Baa2 from Baa1 and senior secured debt ratings to Baa1 from A3, and kept the ratings on review for further downgrade.

The actions acknowledge that no amicable agreement has been reached, leaving the financial impact of a possible unfavorable court ruling remaining outside of Hoosier's control, according to the agency.

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