New York, August 05, 2015 -- Moody's Investors Service, ("Moody's") today assigned a Ba2 rating to Covanta Holding Corporation's (Covanta) planned issuance of approximately $130 million in senior unsecured tax-exempt revenue bonds to be offered as two separate series. As part of this action, Moody's also affirmed Covanta's Corporate Family Rating (CFR) at Ba2 and Probability of Default Rating at Ba2-PD, and lowered its speculative grade liquidity rating to SGL-2 from SGL-1. Covanta's rating outlook is stable.

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