Fitch ratings. (Fitch Investors Service Inc.)

PR Newswire | November 10, 1988 | Copyright

FITCH RATINGS

NEW YORK, Nov. 10 /PRNewswire/ -- Fitch Investors Service, Inc. announced the following rating actions for Thursday, Nov. 10, 1988. LONG ISLAND LIGHTING COMPANY FINANCIAL PROBLEMS NEARER RESOLUTION -- NEW YORK STATE LEGISLATURE APPROVAL IS LAST STEP REQUIRED BEFORE RATINGS ARE UPGRADED

On Friday, Nov. 4, 1988, the Long Island Lighting Company (LILCO) shareholders overwhelmingly approved the proposed (but as yet not finalized) "Settlement Agreement" with New York State whereby it would sell the Shoreham nuclear plant to the Long Island ...

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