US power sector slows decline - Fitch
The US power sector has seen little more than a “deceleration in the rate of its decline” in 2003, according to Richard Hunter, managing director of rating agency Fitch’s global power group.
He estimated that downgrades would outnumber upgrades by a ratio of 7:1 this year, compared with more than 15:1 in 2002. “The situation is improving, but it’s a sign of how bad things have been that it’s almost a relief to get to this level,” he said.
Hunter said things could
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