S&P affirms Aqualectra

S&P said it affirmed its A- issuer credit rating on Integrated Utility Holding NV (Aqualectra). The outlook is negative.

At the same time, the company's bb- SACP remains unchanged.

“The rating affirmation reflects our opinion that there's an almost certain likelihood that the government of Curacao (A-/negative/A-2) would provide timely and sufficient extraordinary support to Aqualectra in the event of financial distress,” S&P said in a news release.

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