SCANA rating cut Print E-mail
Wednesday, 05 December 2007
COLUMBIA -- Citing concerns over the amount of capital spending SCANA Corp. has planned, Moody’s Investors Service on Tuesday lowered the Columbia-based power company’s bond rating. Moody’s slid SCANA’s rating from lowest top tier (A3) to the highest second tier ranking (Baa1). Moody’s specifically highlighted SCANA’s decision to take on more debt to pay for environmental upgrades.

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