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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
On Sept. 27, 2006, Standard & Poor's Ratings Services said that its 'A' long-term and 'A-1' short-term corporate credit ratings on Endesa S.A. remain on CreditWatch with negative implications following German energy utility E.ON AG's announcement of an increase in its bid for the Spanish utility. The ratings on Endesa have been on CreditWatch since Sept. 6, 2005, when Spanish utility Gas Natural SDG, S.A. (A+/Watch Neg/A-1) made a -22.55 billion bid--viewed as hostile by Endesa's board of directors--for a 100% stake in the company. On Sept. 26, 2006, E.ON (AA-/Watch Neg/A-1+) announced that it was raising its conditional all-cash counterbid offer for up to 100% of Endesa to -37 billion (-35 per share), from the initial -29.1 billion it...
Companies mentioned in this report are: Endesa S.A.,Iberdrola S.A.,International Endesa B.V.,E.ON AG,Gas Natural SDG, S.A.
Action: CreditWatch Update
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Endesa S.A.,Iberdrola S.A.,International Endesa B.V.,E.ON AG,Gas Natural SDG, S.A.