Standard & Poor’s
59 articles about "Standard & Poor’s"
* Bio-Treat Technology has been awarded an RMB500 million ($75 million) BOT contract to build water and wastewater treatment plants in the San Men Xia Industrial Zone in China’s Henan Province.
The full impact of Ofwat’s final determination is beginning to be felt by the English and Welsh water companies. Only one dared to refer the regulator’s decision to the competition authorities.
* With shares in Christ Water Technology still languishing below €1.00, both Pictet and Invesco have reduced their stakes to below 5%. Meanwhile, Christ’s subsidiary Aqua Engineering has been awarded a €60 million water treatment contract in South Africa.
The major rating agencies have published their views on competition in the UK water sector. It may make Ofwat think twice.
* Abu Dhabi Water and Electricity Authority chairman, His Highness Sheikh Diab bin Zayed Al Nahyan, unveiled ADWEA’s 5-year strategic plan on 15 May. The plan identifies four
The maturity of a tiny Yen bond later this month will enable Thames Water to raise its leverage by 3%. It is already eyeing a new sterling bond with an innovative structure.
The Bahrain-based investor could hardly have wished for a better return on the investment it made in South Staffs just three years ago. Will new owner Alinda enjoy similar fortunes?
In its latest report on the industry, Ofwat has warned over investment shortfalls and the implications of interest rate fluctuations. It should give private equity investors food for thought in the run-up to PR09.
* The sale of Southern Water for £4.2bn to a consortium including JP Morgan, UBS and Australia’s Challenger Fund left us scrambling for our slide rules (see opposite and p8).
The Dubai municipal utility has issued a long-dated asset-backed bond to help fund its ambitious capex programme. There is more to come.