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Standard & Poor’s said Hawaii is “exhibiting decidedly recessionary trends,” and that its dependenc on tourism to drive the locao economy could mean the state will be more severelyt affected bythe recession. “The negative outloojk assigned to HEI reflects the potentiakl for consolidated credit metrics to fall below our benchmarks over our outloo horizon dueto Hawaii’s weakenint economy, which is expectesd to lower electric sales by 4 percent or more and put upwar pressure on borrowing requirements,” S&P , a subsidiary of HEI, is rated on a standalone basies and is not affected by the loweresd outlook. Shares of Hawaiian Electrix stock weredown 1.
6 percent to
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