Moody's ranks Iguá below investment grade

Moody's ranks Iguá below investment grade

Capital Markets Bonds Fixed Income Project & Infrastructure Finance Brazil

Moody's said on Wednesday that it assigned a Ba2 rating with a stable outlook to Brazilian water and wastewater company Iguá Saneamento, based in part on "good revenue visibility" from long-term contracts. Moody's said Iguá, formerly known as CAB Ambiental, has increased capital over the past two years and remains focused on lowering its debt levels. The company is expected to complete a refinancing program this year, which will lengthen its debt maturities and maintain access to the capital mar

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