Michael McGrath (Cork South Central, Fianna Fail)
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238. To ask the Minister for Environment, Community and Local Government if Irish Water has been rated by credit rating institutions to date; and if he will make a statement on the matter. [42665/14]

Alan Kelly (Tipperary North, Labour)
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Irish Water is a non-consolidated subsidiary of Ervia and does not, at this point in time, have a separate credit rating. Ervia has an investment grade credit rating from each of Standard & Poor’s and Moody’s. Each of these ratings reflects the current relationship between Ervia and Irish Water. It is Ervia's intention to seek a stand alone credit rating for Irish Water at an appropriate time in the future.