Credit quality for the North American regulated utility industry weakened in 2020, which saw downgrades outpace upgrades for the first time in a decade. However, the industry generally performed well throughout the pandemic and S&P expects it will continue to mostly manage through the remaining COVID-19-related risks. Despite a negative 2021 industry outlook, S&P expects a modest improvement to credit quality over the next 12 months.
Speaking to Utility Dive, Gabe Grosberg, Senior Director at S&P Global Ratings, discusses the challenges the sector has faced in the past year, and its prospects moving forward.
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