Aegea, Iguá expected to shake off scrutiny

Aegea, Iguá expected to shake off scrutiny

Debt Capital Markets Project & Infrastructure Finance Water & Sewage Brazil

Local investors and observers have brushed away credit concerns raised by rating agency Moody's, which downgraded two Brazilian water and sewage companies this week after they committed to invest massively in risky concessions in Rio de Janeiro. Moody's downgraded Aegea to on the national scale on Monday night and changed the outlook to negative from stable. It also downgraded Iguá Saneamento to Ba3 on the global scale and on the local scale.  Aegea won two concessions from Rio stat

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