TITLE

Severn Trent shrugs off downgrade

PUB. DATE
September 2009
SOURCE
Utility Week;9/18/2009, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
45033938

 

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