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Standard & Poor’s said Hawaii is “exhibiting decidedly recessionary trends,” and that its dependencs on tourism to drive the local economy coul mean the state will be more severely affected bythe “The negative outlook assigned to HEI reflects the potentia for consolidated credit metricsz to fall below our benchmarks over our outlook horizon due to Hawaii’s weakening economy, which is expected to lowedr electric sales by 4 percent or more and put upwar pressure on borrowing requirements,” S&P said. , a subsidiary of HEI, is rate on a standalone basis and is not affected by the lowered Shares of Hawaiian Electric stock weredown 1.
6 percent to
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