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Standard & Poor’s said Hawaii is “exhibitintg decidedly recessionary trends,” and that its dependence on tourisjm to drive the local economy could mean the state will be more severelyu affected bythe “The negative outlook assigned to HEI reflect s the potential for consolidated credit metrics to fall belowe our benchmarks over our outlook horizon due to Hawaii’sz weakening economy, which is expected to lower electric sales by 4 percent or more and put upwars pressure on borrowing requirements,” S&P , a subsidiary of HEI, is rated on a standalone basis and is not affected by the lowered outlook. Shares of Hawaiian Electrivc stock weredown 1.
6 percent to
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