Zeev's Turnips Patch-No Politics (ZEEV)

[Bruce A Thompson]

Aquila Credit Rating Cut to BBB- by S&P, Still Investment Grade
By Emma Moody

Kansas City, Missouri, Sept. 4 (Bloomberg) -- Aquila Inc.'s credit rating was cut one level by Standard & Poor's, which kept the fourth-largest U.S. utility owner's debt investment grade. Moody's Investors Service yesterday cut Aquila to junk.

S&P cut Aquila's corporate credit rating to BBB-, the lowest investment-grade rating, from BBB.

Moody's yesterday reduced Aquila's rating two levels to Ba2 from Baa3. A junk rating increases reflects an increased likelihood that a company won't repay its debts.