Tepco, HCBK, Forced Restructuring (NASDAQ:HCBK), (PINK:TKECF)

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NEW YORK - Tokyo Electric popularly known as Tepco has seen its credit ratings cut by Moody's as the liability from its stricken Fukushima plant is still not yet known. The company has already borrowed $25 billion to help fund repairs but there is speculation they will pay a liability to residents. Moody's cut Tepco's ratings from the third highest rating Aa2 to Baa1, which is three steps above junk territory. Shares in Tokyo ended the day unchanged despite being up over 12% at one point during the day.

HCBK another company which has undergone restructuring has seen its shares decline 1.5% since its March 28th plan. The plan will see HCBK lose $644 million in Q1 as it buys out $12.5 billion of debt.