AQP heads for the bond market
- From: Vol 5, Issue 3 (March 2004)
- Category: General
- Region: Europe
- Country: Italy
- Related Companies: Acquedotto Pugliese, Moody’s and Standard & Poor’s
With a BBB rating under its belt, Acquedotto Pugliese is heading for the private sector.
Italy’s second largest water operator, Acquedotto Pugliese (AQP), has confirmed a bond issue worth up to €250 million before the end of the year. The announcement follows a BBB rating for the company – 87.1% owned by the Apulia regional authorities – by international ratings agency Standard & Poor’s and a Baa3 rating by Moody’s.
Once the bond issue ...
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