Business Services Industry
Aquila Leaders Work to Preserve Credit Rating.
Knight Ridder/Tribune Business News, August, 2002
The Kansas City Star, Mo. Knight Ridder/Tribune Business News
Aug. 21--Top executives of Aquila Inc. made their case Tuesday to three credit rating agencies in hopes of preserving the company's investment-grade credit rating.
There was no immediate comment from Aquila or the agencies: Fitch Ratings, Moody's Investors Service or Standard & Poor's Corp. Chief executive officer Robert Green, chief financial officer Dan Streek and others were to attend the meetings in New York.
Aquila shares rose 61 cents Tuesday and closed at $3.25. The stock lost more than half its value Thursday and has fallen more than 80 percent this year.
The meeting with the credit rating agencies is critical, especially since last week, when Aquila...
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