TEPCO shares down nearly 10% Tuesday over Fukushima

Published: May 17th, 2011 at 7:59 pm ET
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TEPCO shares down over 9%, NHK, May 17, 2011:

[...] TEPCO shares ended the day at 380 yen, or about 4.7 dollars, falling below 400 yen at closing for the first time in 40 days. Stock prices for other utilities also plunged.

Moody’s Investors Service said it downgraded TEPCO’s rating by 2 notches because it’s unclear how the Japanese government will help the utility pay huge amounts of compensation to people affected by the Fukushima nuclear plant accident. [...]

Published: May 17th, 2011 at 7:59 pm ET
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36 comments

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