Moody's assigns (P)Baa3 ratings to finance to be raised by ACWA Power Management and Investments One Limited and ACWA Power Sukuk SPC Limited; outlook stable
London, 05 December 2016-- Moody's Investors Service, has today assigned provisional long-term Baa3 ratings to fully amortising senior secured bonds due 2039 to be issued by ACWA Power Management and Investments One Limited and to trust certificates due 2039, scheduled to be redeemed semi-annually in installments to be simultaneously issued by ACWA Power Sukuk SPC Limited. The net proceeds from the Bonds and Sukuk are expected to be approximately$ million and will...
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