Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Georgian Water and Power LLC > News item |
Fitch revises Georgian Water view to negative
Fitch Ratings said it revised the outlook on Georgian Water and Power LLC’s long-term foreign and local-currency issuer default ratings to negative from stable and affirmed the IDRs at BB-.
“The revision of the outlook to negative reflects lower than expected EBITDA and higher than expected investments during the last two years as well as the expected impact of the coronavirus pandemic and related economic crisis on the company’s operations, including a drop in water supply volumes to legal entities and some deterioration in collection rates,” Fitch said in a press release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.