- Language: English
- Published: July 2012
- Region: Italy
Italian Utility A2A Affirmed At 'BBB+/A-2' On Financial Deleveraging; Long-Term Rating Off CreditWatch; Outlook Negative
- Published: July 2010
- Region: Italy
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
In our view, the risks relating to the extraordinary tax payment facing Italian multi-utility A2A SpA, along with its growth strategy, have eased following A2A's announced deleveraging actions. We are therefore affirming the 'BBB+' long-term and 'A-2' short-term corporate credit ratings on A2A. However, A2A's credit metrics remain below the levels that we consider commensurate with the 'BBB+' rating. The negative outlook reflects our view that A2A may be challenged to reach credit measures consistent with the rating over the near to medium term. LONDON (Standard & Poor's) July 14, 2010--Standard & Poor's Ratings Services said today that it affirmed its 'BBB+' long-term and 'A-2' short-term corporate credit ratings on Italian multi-utility A2A SpA. At the same time, the long-term...
Companies mentioned in this report are: A2A SpA
Action: Outlook: Negative
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