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Abertis, HIT, And Sanef Cut To 'A-'; Off Watch; Outlook Stable
Standard & Poors, April 2008
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) April 8, 2008--Standard & Poor's Ratings Services said today that it has lowered its long-term corporate credit ratings to 'A-' from 'A' on Abertis Infraestructuras S.A., one of Spain's largest infrastructure operators; 52.6%-owned France-based Holding d'Infrastructures de Transport S.A.S. (HIT); and HIT's fully owned French subsidiary Sanef, operator of Europe's fourth-largest interconnected toll road network. At the same time, we lowered our short-term corporate credit rating on Sanef to 'A-2' from 'A-1'. All ratings were removed from CreditWatch, where they had been placed with negative implications on Nov. 16, 2007. The outlook on all entities is stable. The long-term ratings on HIT and Sanef are the same as the long-term rating on Abertis, reflecting our expectation...
Companies mentioned in this report are: Abertis Infraestructuras S.A.,Sanef,Holding d'Infrastructures de Transport S.A.S.
Action: Downgraded
Action: Removed From CreditWatch
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