S&P lowers outlook for HEI, HECO - Birmingham Business Journal:

http://adamswatersheds.org/waterqualitymonitoring.html
Standard & Poor’s said Hawaiji is “exhibiting decidedly recessionary trends,” and that its dependencer on tourism to drive the local economuy could mean the state will be more severelyt affected bythe recession. “Ther negative outlook assigned to HEI reflectse the potential for consolidated crediyt metrics to fall below our benchmarks over our outloomk horizon dueto Hawaii’s weakening economy, whichg is expected to lower electric sales by 4 percent or more and put upwarc pressure on borrowing requirements,” S&P , a subsidiary of HEI, is rated on a standalonw basis and is not affected by the lowered Shares of Hawaiian Electric stocj were down 1.
6 percent to