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Abertis, Autostrade, HIT, Sanef 'A/A-1' Affirmed As Merger Cancelled; Off Watch; Outlook Neg Dec 06
Standard & Poors, Dec 2006
Abstract
MADRID (Standard & Poor's) Dec. 15, 2006--Standard & Poor's Ratings Services said today that, following the announcement by toll road operators Abertis Infraestructuras S.A. of Spain and Autostrade SpA of Italy that they have called off their merger, it has affirmed its 'A' long-term corporate credit ratings on both companies, as well as on French toll-road operator Sanef, and Sanef's holding company Holding d'Infrastructures de Transport S.A.S. At the same time, the 'A-1' short-term corporate credit ratings on Autostrade and Sanef were also affirmed. All ratings were removed from CreditWatch, where they had been placed with negative implications on April 24, 2006. The outlook on all four companies, which was stable before the CreditWatch listings, is now negative. In a...
Companies mentioned in this report are: Abertis Infraestructuras S.A.,Atlantia SpA,Sanef,Holding d'Infrastructures de Transport S.A.S.
Action: Affirmed
Action: Outlook: Negative
Action: Removed From CreditWatch
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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