|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Abertis Rating Unaffected By Acquisition Of Desarrollo de Concesiones Aeroportuarias
Standard & Poors, Sep 2007
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
LONDON (Standard & Poor's) Sept. 20, 2007--Standard & Poor's Ratings Services said today that its ratings and outlook on Spain-based infrastructure operator Abertis Infraestructuras S.A. (A/Negative/--) are unaffected by the company's announcement of its 100% acquisition of Desarrollo de Concesiones Aeroportuarias (DAC; not rated). DAC is a holding company with different shareholding interests in 15 airports in Latin America, 12 of which are regional airports in Mexico. The total investment of about -271 million is not expected to hinder Abertis' capacity to reach previously indicated target credit ratios (see the article titled 'Summary: Abertis Infraestructuras S.A.,' published April 16, 2007, on RatingsDirect). We continue to closely monitor the company's appetite for debt-financed acquisitions and the possible impact of such activity...
Companies mentioned in this report are: Abertis Infraestructuras S.A.
Action: Bulletin
|
|
|
|
