Moody’s Cuts Ratings on Japanese Utilities, Tokyo Gas

Chubu Electric Power Co., Kansai Electric Power Co., Kyushu Electric Power Co. and five other Japanese power companies had their credit ratings cut by Moody’s Investors Services, which cited a “less supportive” regulatory framework following the Fukushima nuclear disaster.

Utilities that generate nuclear power had their ratings but by two notches, while the rankings of others were lowered by one level, Moody’s said in a statement.