ACEA S.p.A.: Summer drought is credit neutral for ACEA, but other headwinds could weigh on leverage
INFRASTRUCTURE AND PROJECT FINANCE ISSUER COMMENT 3 August 2017 RATINGS ACEA S.p.A. Long Term Issuer Rating Baa2 Outlook Stable Senior Unsecured MTN (Domestic) (P)Baa2 Analyst Contacts Alessandra MacDonald 44-20-7772-1771 Analyst [email protected] Paul Marty 44-20-7772-1036 Senior Vice President [email protected] ACEA S.p.A. Summer drought is credit neutral for ACEA, but other heAcea is engaged in services related to the energy services area, water services areas and areas of diversification (telecoms) and services. Co. operates prinicpally in the energy services area (electricity and urban heating) and in the water services area (fresh and waste water), supplying services mainly in the territory of Rome and its Province. In energy services, Co. maintains operations in the production, transmission and distribution of electricity. In water services, Co. is active in the abstraction, transport and distribution of fresh water of the Comune di Roma and several local authorities in the provinces of Rome and Rieti. Co. also maintains operations in telecommunications.
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