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Action items: S&P upgrades Chugach Electric, Eversource, CNX Resources

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Action items: S&P upgrades Chugach Electric, Eversource, CNX Resources

S&P Global Market Intelligence presents a periodic rundown of selected ratings actions on U.S. energy companies. The changes, confined to upgrades, downgrades and changes in outlook, are listed by announcement date in reverse chronological order.

Dec. 12

* Moody's downgraded the corporate family rating of Contura Energy Inc. from B2 to B3 on the news that Contura sold its two Powder River Basin coal mines to Blackjewel LLC.

* Fitch Ratings upgraded AES Corp.'s long-term issuer default rating to BB from BB- with a positive outlook.

Dec. 11

* Fitch Ratings warned that increased incidents of large wildfires might increase the potential credit risk to investor-owned utilities in California.

Dec. 8

* S&P Global Ratings upgraded the issuer credit rating of Chugach Electric Association Inc. to "A" from "A-," with a stable outlook.

Dec. 5

* S&P Global Ratings upgraded its issuer credit ratings on Eversource Energy and all of its subsidiaries to "A+" from "A."

Dec. 1

* S&P Global Ratings gave CNX Resources Corp. a ratings upgrade after it completed the spin-off of its coal business to its shareholders and transitioned into a pure-play oil and gas exploration and production company active in the Appalachian Basin.