Moody's Investors Service revised outlook on SABESP to stable and affirmed at "Ba2" (LT- foreign currency) credit rating

March 20, 2017 - CBonds

 

Moody's Investors Service affirmed the "Ba2" LT- foreign currency credit rating of SABESP on March 17, 2017. At the same time the rating agency revised outlook to stable from negative.
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Issuer: SABESP
Issuer profile:
Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital company, majority-owned by the State of Sao Paulo. Sabesp is a water and sewage services provider. As of July 30, 2010,... more
Outstanding issues:
1 issuesUSD350,000,000
7 issuesBRL2,983,750,000
Issuer rating:
Moody's Investors ServiceBa2/StableLT- foreign currency03/17/2017
S&P Global RatingsBB/NegativeForeign Currency LT02/19/2016
S&P Global RatingsBB/NegativeLocal Currency LT02/19/2016
Fitch RatingsBB/StableLT Int. Scale (foreign curr.)09/27/2016
Fitch RatingsBB/StableLT Int. Scale (local curr.)09/27/2016