The Rating Outlook revision to Stable from Negative reflects Fitch Ratings’ view that the near-term likelihood of Los Angeles Department of Water & Power (LADWP) incurring a materially significant financial liability related to the Palisades wildfire has declined. The ‘AA-‘ rating continues to reflect the system’s ‘Very Strong’ financial profile within the framework of ‘Very Strong’ revenue defensibility and ‘Very Strong’ operating risk profile, both assessed at ‘aa’.
Thu 30 Oct, 2025 – 10:08 AM ET