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Article: ITALY: MOODY'S DOWNGRADES ITALIAN CITY OF CIVITAVECCHIA TO A2; STABLE OUTLOOK.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- July 6, 2009
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Moody's Investors Service has today downgraded the issuer and debt ratings of the City of Civitavecchia to A2 from A1. The rating outlook is stable. "The downgrade factors in the prospects for deteriorating budgetary performance and growing debt level," explains Francesco Soldi, Moody's lead analyst for Civitavecchia. "The stable rating outlook reflects Moody's expectations that the city will be able to maintain adequate financial performance and pursue fiscal discipline, including for municipal-related companies." In the past few years, the City of Civitavecchia has recorded adequate budgetary results, supported by extraordinary contributions from the Italian ...
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Article: Italy: Enel Inaugurates First Three Generating Units in ...
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... ... inaugurated the first three units of its refurbished 1,980MW Torrevaldaliga Nord clean coal power plant in the town of Civitavecchia, which is expected to meet 50% of the electricity demand in the Lazio region of Italy. The plant, which will be fully ...
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