- Published: January 2011
- Region: Spain
Summary: Holding d'Infrastructures de Transport S.A.S.
- Published: December 2007
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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