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                    [ArticleID] => 209517
                    [Title] => Moody’s downgrades CE Casecnan rating
                    [Summary] => Moody’s Investors Service has downgraded its rating on CE Casecnan Water and Energy Company, Inc. (CE) from Ba2 to B2, a move that would affect some $288 million of the company’s debt securities. 


Moody’s said the downgrade in CE’s prospects came after the National Irrigation Administration (NIA) decided not to pay the monthly invoice for water and electricity fees that fell due last May 28. 


The invoice amounted to $10.8 million, of which $3.6 million was for the tax compensation portion of the water delivery fee. 


                    [DatePublished] => 2003-06-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 205415
                    [Title] => Moody’s reviews CE Casecnan rating
                    [Summary] => Moody’s Investors Service announced yesterday that it was reviewing the credit rating of CE Casecnan Water and Energy Co. Inc. for a possible downgrade, a move that would affect the company’s $288-million worth of debt securities.


Moody’s said it has placed CE’s Ba2 senior secured notes rating after the National Irrigation Authority (NIA) initiated legal proceedings to void the company’s project agreement.


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                    [AuthorName] =>  Des  Ferriols
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MID-AMERICAN HOLDINGS CO

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                    [ArticleID] => 209517
                    [Title] => Moody’s downgrades CE Casecnan rating
                    [Summary] => Moody’s Investors Service has downgraded its rating on CE Casecnan Water and Energy Company, Inc. (CE) from Ba2 to B2, a move that would affect some $288 million of the company’s debt securities. 


Moody’s said the downgrade in CE’s prospects came after the National Irrigation Administration (NIA) decided not to pay the monthly invoice for water and electricity fees that fell due last May 28. 


The invoice amounted to $10.8 million, of which $3.6 million was for the tax compensation portion of the water delivery fee. 


                    [DatePublished] => 2003-06-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 205415
                    [Title] => Moody’s reviews CE Casecnan rating
                    [Summary] => Moody’s Investors Service announced yesterday that it was reviewing the credit rating of CE Casecnan Water and Energy Co. Inc. for a possible downgrade, a move that would affect the company’s $288-million worth of debt securities.


Moody’s said it has placed CE’s Ba2 senior secured notes rating after the National Irrigation Authority (NIA) initiated legal proceedings to void the company’s project agreement.


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                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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Moody’s downgrades CE Casecnan rating

By Des Ferriols | June 10, 2003 - 12:00am

Moody’s Investors Service has downgraded its rating on CE Casecnan Water and Energy Company, Inc. (CE) from Ba2 to B2, a move that would affect some $288 million of the company’s debt securities. Moody’s...

Business

Moody’s reviews CE Casecnan rating

By Des Ferriols | May 9, 2003 - 12:00am

Moody’s Investors Service announced yesterday that it was reviewing the credit rating of CE Casecnan Water and Energy Co. Inc. for a possible downgrade, a move that would affect the company’s $288-million...

Business