PG&E is Tanking After S&P Downgrades it to Junk
- PG&E's credit rating was cut to junk at S&P Global Ratings, sending shares down more than 10% early Tuesday.
- The downgrade came as bad news has piled up for PG&E amid its potential liabilities from last year's California wildfires, the credit-rating agency said.
- On Friday, the utility announced that its board of directors would review the company's management. Meanwhile, a report said PG&E was considering filing for bankruptcy protection...