|
|
 |
|
Viewing report
|
|
|
|
"It's not my job to teach them writing.". Edition No. 1
Standard & Poors, Nov 1997
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
LONDON -- Standard & Poor's CreditWire 11/6/97 -- Standard & Poor's today lowered its local currency long-term corporate credit rating on Empresa Nacional de Electricidad S.A., (Endesa) to double-'A' from double-'A'-plus, removing it from CreditWatch where it was placed with negative implications on Aug. 5, 1997. Endesa's foreign currency corporate credit rating remains double-'A,' but is no longer constrained by the foreign currency sovereign ceiling. At the same time, Standard & Poor's affirmed its 'A-1'-plus short-term rating on Endesa. See below for list of ratings. The outlook for both foreign and local currency ratings is stable. The CreditWatch action followed the announcement that Endesa was to invest US$1,243 million to acquire a 29% stake in the Chilean energy group Enersis...
Companies mentioned in this report are: Endesa S.A.,Enersis S.A.
Action: Various Rating Actions
|
|
|
|
