Moody's affirms Hera´s Baa2 rating; outlook stable
Rating Action: Moody's affirms Hera´s Baa2 rating; outlook stable. Global Credit Research- 25 Jun 2019. Madrid, June 25, 2019-- Moody's Investors Service has today affirmed the Baa2 long-term issuer rating and senior unsecured ratings of Hera S.p.A. following the company´s announcement on 17 June 2019 that it will enter into a partnership with Ascopiave S.p.A. to develop a major operator in the gas and electricity supply business in the North-East of Italy.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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