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Abertis Infraestructuras, Sanef, And HIT 'A-' Ratings Affirmed And Off Watch; Outlook Negative
Standard & Poors, Oct 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) Oct. 9, 2008--Standard & Poor's Ratings Services said today that it affirmed its 'A-' long-term corporate credit rating on Abertis Infraestructuras S.A., one of Spain's largest infrastructure operators, and removed it from CreditWatch, where it was placed with negative implications on May 21, 2008. The outlook is negative. 'The affirmation follows the Oct. 1 announcement that the consortium led by Abertis (with a 50% stake) was not extending its bid for the Pennsylvania Turnpike concession in the U.S.,' said Standard & Poor's credit analyst Jose R. Abos. The consortium's preferred bid expired Sept. 30. This releases the guarantees Abertis provided as part of the bidding process and frees the company from financial commitments related to the...
Companies mentioned in this report are: Abertis Infraestructuras S.A.
Action: Affirmed
Action: Outlook: Negative
Action: Removed From CreditWatch
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