S&P has downgraded the ratings of the Los Angeles municipal utility bonds by two levels to A.
On January 15, 2023, Glonhui reported that S&P Global has downgraded the rating of Los Angeles Department of Water and Power municipal Bonds, lowering the rating from AA- to A, a drop of two levels. The rating agency stated that following the wildfire in Los Angeles, the Electrical Utilities system Bonds ratings are facing further and significant downward pressure. S&P also downgraded the rating of Los Angeles Department of Water and Power water system revenue Bonds from AA+ to AA-, a decrease of two levels.
LA Wildfire Insurance-Loss Estimates Approach $40 Billion
Homeowners Insurance Suffers as California Wildfire Rages On
Insured Loss for LA Fires Likely to Be Largest Wildfire Event to Date: Barclays
The California wildfires continue to become "politicized"! Trump seizes the opportunity to attack his political opponents: they had the chance to protect the forests.
① Southern California in the USA continues to face wildfires, with limited progress in firefighting efforts. Trump criticized California Governor Newsom for not adequately protecting forests, claiming that the Los Angeles area is "left desolate." ② There are a total of 105 wildfires across California, with areas burned exceeding 163 square kilometers, 12,300 buildings destroyed, and 0.15 million residents evacuated in Los Angeles County.
Express News | American Coastal Insurance - Agreement Provides up to $90 Mln Occurrence Limit Excess of $10 Mln Attachment Point
Express News | American Coastal Insurance Corp - Aop Cat Agreement Renewed Effective January 1, 2025
Is Now The Time To Put American Coastal Insurance (NASDAQ:ACIC) On Your Watchlist?
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Financials Allocations Top All-time High – BofA's Global FMS
American Coastal Insurance To Go Ex-Dividend On January 2nd, 2025 With 0.5 USD Special Dividend Per Share
December 5th (Eastern Time) - $American Coastal Insurance(ACIC.US)$ is trading ex-dividend on January 2nd, 2025.Shareholders of record on January 2nd, 2025 will receive 0.5 USD special dividend per
American Coastal Insurance Focuses on Strategic Growth
Express News | American Coastal Insurance Corp -Outlook 2025 Net Premiums Earned $290 Mln to $320 Mln
Express News | American Coastal Insurance Corporation Declares Special Cash Dividend of $0.50 per Share
Press Release: American Coastal Insurance Corporation Declares Special Cash Dividend of $0.50 Per Share
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