Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AquaSure Pty. Ltd. > News item |
Fitch rates AquaSure notes A-
Fitch Ratings said it assigned an expected A- rating to the U.S. private placement notes to be issued by AquaSure Finance Pty. Ltd., the financing vehicle for AquaSure Pty. Ltd. The notes are expected to have a term of 12 years and will include U.S. dollar-denominated series 2015A fixed-rate notes and Australian dollar-denominated series 2015B floating-rate notes. The outlook is stable.
The issuer intends to raise the equivalent of $250 million and use the proceeds to repay part of the A$1.25 billion bank debt that matures in October 2016.
The agency said the rating takes into account the stable cash flow provided by AquaSure's concession, which runs through to 2039, to design, build, operate and maintain a 150 gigalitre-per-year desalination plant and associated infrastructure near Melbourne under a public-private partnership.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.