Moody's (NYSE:MCO): PG&E (NYSE:PCG) Credit Remains Intact After Explosion

Moody's Investors Service (NYSE:MCO) said the natural gas pipeline explosion in San Bruno won't have an affect on the credit rating of Pacific Gas & Electric Co. (NYSE:PCG).

It is thought the $992 million in insurance PG&E has will be adequate to cover the expenses, even with the relatively small $10 million deductible.

Last week, Standard & Poor's said they have PG&E rating on review for a potential downgrade, although it's unsure what they're seeing which would justify that, at least in the short term.

Moody's said they are maintaining a "Baa1" senior unsecured debt rating on PG&E and an "A3" senior unsecured debt rating on the subsidiary of the energy company.

The outlook by Moody's for PG&E and its subsidiary remains "Stable."