NEW YORK (Standard&Poor's) Oct. 6, 2005--Standard&Poor's Ratings Services said today that it assigned its 'B' rating and its '1' recovery rating to diversified energy company Aquila Inc.'s (B-/Watch Pos/B-3) $300 million five-year secured credit facility. The 'B' rating was also placed on CreditWatch with positive implications, where all of the ratings on Aquila were placed Sept. 22, 2005. The 'B' rating and '1' recovery rating indicate the expectation for the full recovery of principal in the event of a payment default. As of June 2005, the Kansas City, Mo.-based energy provider had about $2.35 billion in total debt. The ratings on Aquila were placed on CreditWatch with positive implications following the company's announcement that it had
