Hera S.p.A.: Update following rating affirmation at Baa2 with stable outlook
Our credit view of Hera S.p.A, reflecting the company's diversified business mix and steady financial profile.Hera is an Italian multi-utility in the environmental services, water, gas and electricity businesses. Co. has public service concession arrangements in place (distribution of natural gas via local gas pipelines, integrated water service and waste management services, including sweeping, collection, transport and waste recovery and disposal) in a part of the area where it operates and in almost all of the shareholder municipalities (provinces of Modena, Bologna, Ferrara, Forli-Cesena, Ravenna and Rimini).
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