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Fitch: ConEd of NY's Event Risk Heightened by NTSB Findings; Ratings Unchanged

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NEW YORK--(BUSINESS WIRE)--Recent findings by the National Transportation Safety Board (NTSB) do not have an immediate rating impact on Consolidated Edison Co. of New York, Inc. (CECONY, 'BBB+'/Outlook Stable), according to Fitch Ratings. However, Fitch believes the NTSB's findings, which concerned a natural gas explosion in East Harlem that destroyed two five-story buildings, increase the likelihood of regulatory fines/penalties that ultimately could have an adverse ratings impact on CECONY. T

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