S&P rates ACWA Power bonds BBB-

S&P said it assigned its BB+ long-term corporate credit rating to Acwa Power Management and Investments One Ltd., a limited-purpose entity of ACWA Power.

The outlook is stable.

At the same time, S&P assigned a BBB- issue rating to APMI1's debt. The recovery rating is 2, indicating expectations of substantial recovery (75%-90% range; rounded estimate 75%) in the event of a payment default.

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