Hawaiian Electric's stock has been given a junk rating by S&P after lawsuits alleged the company is responsible for the deadly wildfires on Maui.The move by S&P comes after shares plunged nearly 40% to a 13-year low in early trading on Monday amid growing scrutiny over whether the utility company's equipment played any role in the fires.The proposed class action lawsuits were filed on Saturday in state courts and seek to represent thousands of Hawaii residents affected by the devastating fires that left thousands homeless and Lahaina in ruins.
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