PG&E Bankruptcy Sets up $17B Investment-Grade Bond Default, 3rd-Largest Since 1998
via MarketWatch: PG&E’s bankruptcy would result in a default of $17 billion of its bonds If Pacific Gas & Electric Co. follows through with its bankruptcy announcement, the country’s largest utility would record the third largest default in the U.S. investment-grade corporate bond market since 1998. PG&E announced it would file for bankruptcy by … Read more