S&P rates Aqualectra A-

S&P said it assigned an A- corporate rating to Integrated Utility Holding NV (Aqualectra).

The outlook is stable.

The rating on Aqualectra mainly reflects an opinion that the government of Curacao almost certainly will provide timely and sufficient extraordinary support to Aqualectra in the event of financial distress, S&P said.

The rating also considers the agency’s criteria for government-related entities as it plays a critical role for the government, the agency said.

The company has a stand-alone credit profile of BB-, S&P said.

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