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Bulletin: Italian Utilities A2A, Acea, Hera, And AQP Not Immediately Affected By The Outcome Of Two Water Referendums Jun 11
Standard & Poors, June 2011
Abstract
MILAN (Standard & Poor's) June 14, 2011--Standard & Poor's Ratings Services said today that its ratings on Italy-based utilities A2A SpA (BBB+/Negative/A-2), Acea SpA (A/Negative/A-1), Hera SpA (BBB+/Stable/A-2) and Acquedotto Pugliese SpA (AQP; BB+/Positive/B-1) are not immediately affected by the outcome of last weekend's referendums in Italy. The public consultation included two ballots regarding, firstly, the mandatory opening of public service companies to private capital and, secondly, the inclusion in water tariffs of a legal return on invested capital. Standard & Poor's will closely monitor the evolution of regulation in the water sector in Italy and evaluate its impact on the respective business risk profiles of these four rated Italian utilities. The public consultation has resulted in the abolition of:...
Companies mentioned in this report are: A2A SpA,Acea SpA,Acquedotto Pugliese SpA,Hera SpA
Action: Bulletin
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.
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