Companhia de Saneamento Basico do Estado De Sao Paulo - SABESP Aktie
WKN: 907220 / ISIN: BRSBSPACNOR5
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03.09.2015 15:32:00
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Moody's: São Paulo less equipped than Los Angeles to tackle drought
New York, September 03, 2015 -- Although the state of São Paulo, Brazil and the city of Los Angeles, California are both hubs in the midst of multi-year droughts, a combination of better infrastructure planning, conservation efforts and authority to set rate increases leaves Los Angeles better able to manage the drought than São Paulo, where inefficiencies on these fronts could pressure the credit rating of the company in charge of the water system in the São Paulo's metropolitan area, says Moody's Investors Service.
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