...November 24, 2020 - On Nov. 23, 2020, FirstEnergy Corp. (FE) and some of its regulated subsidiaries borrowed about $2 billion in the aggregate under its revolving credit facilities, leaving about $1.3 billion of remaining availability. - S&P Global Ratings is downgrading FE and its subsidiaries, including the issuer credit rating to '##' from '##+'. We are affirming our '##' issuer credit rating on Allegheny Generating Co. - At the same time, we are lowering the senior unsecured rating on FE and FirstEnergy Transmission LLC to '##' from '##+' based on our '3' recovery ratings, indicating meaningful (50%-70%; rounded estimate: 65%) recovery in the event of a payment default. The recovery rating on this debt is capped at '3', consistent with our approach for assigning recovery ratings to unsecured debt issued by '##' category corporate entities because recovery prospects are highly vulnerable to impairment before default by additional debt issuance. We also lowered the senior unsecured issue...