- Language: English
- Published: August 2011
- Region: Africa, East Africa, Middle East
Summary: Holding d'Infrastructures de Transport S.A.S.
- Published: December 2007
- Standard & Poors
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The rating on Holding d'Infrastructures de Transport S.A.S. (HIT) was placed on CreditWatch with negative implications on Nov. 16, 2007, following the announcement by Abertis Infraestructuras S.A. (A/Watch Neg/--) of its nonbinding bid for the transmission towers business of Italy's Wind Telecomunicazioni SpA (B+/Stable/--) and 3 Italia SpA (not rated). Abertis, a Spanish infrastructure operator, owns 52.6% of HIT, with the remainder owned by several creditworthy French financial partners. HIT, in turn, is the holding company of French toll road operator Sanef (A/Watch Neg/A-1). The CreditWatch listing reflects Standard & Poor's Ratings Services' concerns about and lack of visibility on Abertis' acquisition strategy and future financial policy, given the company's increased appetite for diverse telecommunications infrastructure assets. We continue to...
Companies mentioned in this report are: Holding d'Infrastructures de Transport S.A.S.,Abertis Infraestructuras S.A.,Sanef
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Holding d'Infrastructures de Transport S.A.S.,Abertis Infraestructuras S.A.,Sanef