Covanta Holding Corporation: A Developer, Owner, and Operator of Energy from Waste Facilities
INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 21 April 2017 Update RATINGS Covanta Holding Corporation Domicile Morristown, New Jersey, United States Long Term Rating Ba2 Type LT Corporate Family Ratings - Dom Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. ContactCovanta Holding is a holding company. Through its subsidiaries, the company is engaged in the businesses of waste and energy services. The company provides waste and energy solutions through a variety of service offerings, including its main business of owning and operating infrastructure for the conversion of waste to energy (known as energy-from-waste or EfW). EfW facilities produce energy through the combustion of non-hazardous municipal solid waste (MSW) in power plants. Most of the company's facilities are mass-burn facilities, which combust the MSW on an as-received basis without any pre-processing such as shredding, sorting or sizing.
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