Moody's affirms Quanta Services

Moody's Investors Service said it affirmed Quanta Services, Inc.'s B1 corporate family rating. The outlook is stable.

The agency said the affirmation reflects Quanta Services' strong operating performance through the middle of 2006. Revenues increased to $1 billion for the first half of 2006 from $812 million for the same period in 2005, and operating income for the first half of the year increased to $51 million from approximately $4 million for the same period in 2005. The affirmation also considers the company's relatively strong liquidity position.

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