PG&E Upgraded to Investment Grade by Fitch, Marking a Significant Recovery

PG&E has been upgraded to investment grade by Fitch Ratings, marking a significant recovery six years after its bankruptcy due to wildfires. This upgrade reflects the company's progress in managing wildfire risks and enhances its financial stability, boosting investor confidence essential for future safety improvements. As California faces ongoing wildfire threats, this development indicates PG&E's commitment to risk mitigation and community protection.