PIMCO Raises Alarm Over Los Angeles City Utility's Escalating Liabilities Post-Fires

PIMCO, a leading investment management firm, has issued a sobering warning regarding the future financial health of the Los Angeles City utility company. Citing recent wildfires, which have resulted in significant damage and liabilities, PIMCO suggested that the utility may soon face overwhelming financial obligations that could strain its resources and impact local taxpayers.

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