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Abertis Infraestructuras, Sanef, And HIT Placed On Watch Neg Re Abertis Acquisition Concerns
Standard & Poors, Nov 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
MADRID (Standard & Poor's) Nov. 16, 2007--Standard & Poor's Ratings Services said today that it has placed on CreditWatch with negative implications its 'A' long-term corporate credit ratings on Spanish infrastructure operator Abertis Infraestructuras S.A. and 52.6%-owned France-based Holding d'Infrastructures de Transport S.A.S. (HIT), as well as its 'A/A-1' long- and short-term corporate credit ratings on French toll road operator Sanef, which is directly owned by HIT. The action follows Abertis' announcement of its nonbinding bid for the transmission towers of Italy-based Wind Telecomunicazioni SpA (B+/Stable/--) and 3 Italia SpA (not rated). 'The CreditWatch listing reflects our concerns about and lack of visibility on Abertis' acquisition strategy and future financial policy, given the company's increased appetite for diverse assets in...
Companies mentioned in this report are: Abertis Infraestructuras S.A.,Sanef,Holding d'Infrastructures de Transport S.A.S.
Action: On CreditWatch:Negative
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