US power sector decline slows, says Fitch
The US power sector has seen little more than a slowing in the rate of its declinein 2003, said Richard Hunter, managing director of rating agency Fitch’sglobal power group, in May.
He estimated that downgrades would outnumber upgrades by 7 to 1 this year, comparedwith a ratio of more than 15 to 1 in 2002. “The situation is improving,but it’s a sign of how bad things have been that it’s almost a reliefto get to this level,” he said.
Hunter said things could have been far worse. The worst-case
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