- Published: January 2011
- Region: Italy
Cross-Default Debt Clauses Main Driver Of Negative Outlook On Italy-Based CIR, Says Credit FAQ
- Published: October 2007
- Standard & Poors
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Research type: News
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PARIS (Standard & Poor's) Oct. 2, 2007--Standard & Poor's Ratings Services takes an in-depth look at the negative outlook on Italy-based holding company CIR-Compagnie Industriali Riunite SpA (CIR; BBB-/Negative/A-3) in a report published today. "We are mainly concerned about risks arising from cross-default provisions in three bonds issued by CIR's subsidiaries," said Standard & Poor's credit analyst Xavier Buffon. The outlook on CIR has been negative since Nov. 9, 2006. The credit FAQ, "What's Behind The Negative Outlook On Italy-Based CIR-Compagnie Industriali Riunite SpA," is available on RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, and addresses some of the questions that we are most often receiving. -- Why is the outlook negative?...
Companies mentioned in this report are: CIR-Compagnie Industriali Riunite SpA
Action: General Comment
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CIR-Compagnie Industriali Riunite SpA