MADRID (Standard & Poor's) April 24, 2006--Standard & Poor's Ratings Services said today that it has placed on CreditWatch with negative implications its 'A/A-1' long- and short-term corporate credit ratings on Italy's largest toll road operator Autostrade SpA, and its 'A' long-term corporate credit rating on Abertis Infraestructuras S.A., one of Spain's largest infrastructure operators, following the announcement of the two companies' merger. "The CreditWatch listing reflects our concerns about the group's future financial policy and strategy, although the merger itself will not necessarily have a negative impact on the merged entity's ratings," said Standard & Poor's credit analyst Lidia Polakovic. In a related action, Standard & Poor's also placed on CreditWatch with negative implications its 'A/A-1' long- and short-term...
Companies mentioned in this report are: Abertis Infraestructuras S.A.,Atlantia SpA,Sanef,Holding d'Infrastructures de Transport S.A.S.
Action: On CreditWatch:Negative
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.
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