Severn Trent shrugs off downgrade

September 2009
Utility Week;9/18/2009, p6
Trade Publication
The article reports that the investment grade of Severn Trent has been downgraded by Moody's from A2/A3 to A3/Baa1. The ratings agency asserted that the company has financial flexibility that can counter negative economic pressures such as low inflation. Company chief executive Tony Wray ignored the downgrade as the company's share price continue to increase.


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