Jefferies downgrades Edison International on wildfire liabilities
NegativeFinancial Markets

Jefferies has downgraded Edison International due to concerns over potential wildfire liabilities. This decision reflects the growing risks associated with climate change and the financial implications for utility companies. As wildfires become more frequent and severe, investors are increasingly wary of the costs that utilities may face, making this downgrade significant for stakeholders and the market.
— Curated by the World Pulse Now AI Editorial System