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Biolayer Modeling and Optimization for the SPARROW Biosensor. Edition No. 1
Standard & Poors, April 1998
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 4/7/98 -- Standard and Poor's today placed its double 'A' corporate credit rating of Endesa (formerly Empresa Nacional de Electricidad de Espana) on CreditWatch with negative implications. This follows the announcement that Endesa will be allowed to purchase 8.2% of its own shares when the state holding company SEPI (Sociedad Estatal de Participaciones Industriales) sells its remaining 41.2% stake in Endesa at the end of May 1998. At the same time Standard & Poor's has placed the senior debt programs and issues of International Endesa B.V., which are guaranteed by Endesa, on CreditWatch with negative implications. This share buyback will cost Endesa a maximum of approximately Spanish pesetas (Ptas) 330 billion (US$2.2 billion), and...
Companies mentioned in this report are: Endesa S.A.,International Endesa B.V.
Action: On CreditWatch:Negative
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