NEW YORK - Moody's Investor Service lowered its ratings for California utility Pacific Gas & Electric to below investment grade Wednesday. It had downgraded Southern California Edison to noninvestment grade on Tuesday.

The downgrades could affect the utilities' ability to repay bank loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.