- Language: English
- 62 Pages
- Published: October 2011
- Region: Uganda
Summary: Administraci?n Nacional de Combustibles Alcohol y Portland
- Published: April 2011
- 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.
Standard & Poor's Ratings Services' rating on Uruguay's government-owned oil and cement company, Administraci-n Nacional de Combustibles Alcohol y Portland (ANCAP), reflects our opinion that there is a very high likelihood that the government of the Oriental Republic of Uruguay (BB/Stable/B) would provide timely and sufficient extraordinary support to ANCAP in the event of financial distress. This, and its stand-alone credit profile (SACP) in the 'b' category, support the 'BB-' rating. Our belief in a very high likelihood of support is based on our assessment of ANCAP's very important role as Uruguay's sole petroleum importer, refiner, and supplier of refined products to the country's distributors; and its very strong link with the government, particularly in the budget approval process, indebtedness...
Companies mentioned in this report are: Administracion Nacional de Combustibles Alcohol y Portland,Uruguay (Oriental Republic of)
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Administracion Nacional de Combustibles Alcohol y Portland,Uruguay (Oriental Republic of)
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