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Argentine Crisis Has Manageable Impact So Far on European Utility and Energy Company Ratings
Standard & Poors, Jan 2002
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
PARIS (Standard & Poor's) Jan. 10, 2002--Standard & Poor's will host a teleconference today, Thursday Jan. 10, 2002, at 4:00 p.m. GMT (5:00 p.m. Central European Time ; 11:00 a.m. Eastern Time) to discuss the implications of Argentina's economic crisis on European--in particular Spanish--utilities and energy companies. See section 'Teleconference Instructions' toward the end of the text for access details. The announcement by the Argentine government of a moratorium on its foreign currency debt, more comprehensive foreign-exchange control, and an extended bank holiday, now accompanied by the peso devaluation, possible price controls, and possible fiscal changes, has implications for several rated European--in particular Spanish--utilities and energy companies strongly involved in Latin America and, more specifically, Argentina: Endesa S.A., Gas Natural...
Companies mentioned in this report are: Repsol-YPF S.A.,Endesa S.A.,Suez S.A.,Gas Natural SDG, S.A.,Sociedad General de Aguas de Barcelona S.A.,Camuzzi Gazometri SpA
Action: S&P Event
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