Moody's: Decline in Spark Infrastructure's 2016 look-through earnings are within expectations; ratings unaffected
Sydney, February 27, 2017-- Moody's Investors Service says that Spark Infrastructure Trust's full year 2016 results are consistent with Moody's expectations, and therefore have no effect on the company's Baa1 issuer rating and stable outlook. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. SUCH USE WOULD BE RECKLESS AND INAPPROPRIATE.Spark Infrastructure is engaged in investing in regulated electricity distribution and transmission businesses in Australia. Co. reportable segments are: Victoria Power Networks, which represent the 49.0% interest in two electricity distribution businesses in Victoria; SA Power Networks, which represent the 49.0% interest in the electricity distribution business in South Australia; TransGrid, which represent the 15.01% interest in the electricity transmission business in New South Wales; and Other which represents the economic interest in DUET Group, an Australian Securities Exchange listed entity head quartered in New South Wales.
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