The passage in June of a bill by the New York Legislature that could limit the Long Island Power Authority's ability to raise rates triggered rating actions this month by two agencies.

Citing the pending legislation, Fitch Ratings revised its outlook on LIPA last week to negative from stable, which comes on the heels of the same action the week before by Standard & Poor's.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

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