September 15, 2022 |
S&P Global Ratings has assigned Chilean water company Aguas Andina an investment grade rating of A- with a stable outlook, based on expectations that the company will post positive cash flow in the next few years.
Aguas Andinas has roughly 2.2 million customers with revenues of about $500 million, a good track record of paying off debt and high market share in Chile's residential segment, S&P said in a report on Tuesday.
Although the company reported having water losses of 30.3%, it has
S&P gives the Chilean water company an A- on expectations of positive cash flow in the coming years