The Spanish Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: November 2011
- Region: Spain
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.
MADRID (Standard & Poor's) April 28, 2006--Standard & Poor's Ratings Services said today that its 'A+' long-term and 'A-1' short-term corporate credit ratings on Spanish utility Gas Natural SDG, S.A. remain on CreditWatch with negative implications, amid recent developments in the competing bidding process for Spanish utility Endesa S.A. (A/Watch Neg/A-1). The ratings were placed on CreditWatch on Sept. 6, 2005, following the company's -22.55 billion bid for a 100% stake in Endesa--viewed as hostile by Endesa's board of directors. On Feb. 21, 2006, German utility E.ON AG (AA-/Watch Neg/A-1+) launched a conditional -29.1 billion all-cash counterbid for up to 100% of Endesa. The bidding process' complexity has increased as a result of events since Standard & Poor's last CreditWatch...
Companies mentioned in this report are: Gas Natural SDG, S.A.,Endesa S.A.,E.ON AG
Action: CreditWatch Update
Action: On CreditWatch:Negative
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Gas Natural SDG, S.A.,Endesa S.A.,E.ON AG