PG&E Bond Prices Plunge on Planned Bankruptcy Filing

The video discusses PG&E's financial decline, highlighting its recent drop from investment-grade credit ratings and bond value. It explores the unexpected market reaction, particularly in the triple B segment, and raises concerns about potential surprises in the bond market. PG&E's financial challenges are detailed, including its market capitalization, debt, and liabilities related to wildfires, questioning its financial stability despite being a major California utility.

What significant change occurred in PG&E's credit ratings over the past few months?

How much did PG&E's bonds trade at two months ago compared to their current value?

What does the current market capitalization of PG&E indicate about its financial health?

What are the potential liabilities PG&E faces related to wildfires?

What questions arise regarding recoveries for PG&E despite being the largest utility in California?