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Prospect News home > News index > List of issuers H > Headlines for Hawaiian Electric Industries, Inc. > News item |
Fitch affirms Hawaiian Electric
Fitch Ratings said it affirmed the long-term issuer default rating for Hawaiian Electric Industries, Inc. at BBB and the issuer default rating of Hawaiian Electric Co., Inc. at BBB+ with a stable outlook.
The agency said the ratings reflect the strong credit profiles of its subsidiaries, Hawaiian Electric Co. and American Savings Bank FSB, the agency said.
Hawaiian Electric Co. is the core subsidiary, providing 70% to 75% of net income with the balance coming from upstream dividends from American Savings Bank.
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