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Bulletin: Schneider Electric S.A. Ratings Unaffected By Bid For AREVA T&D Business Dec 09
Standard & Poors, Dec 2009
Abstract
MILAN (Standard & Poor's) Dec. 3, 2009--Standard & Poor's Ratings Services said today that its ratings and outlook on Schneider Electric S.A. (A-/Stable/A-2) are unaffected at this stage by the company's proposed acquisition of the transmission and distribution business of AREVA (A/Stable/A-1) in a joint bid with Alstom S.A. (BBB+/Watch Neg/A-2) announced Dec. 2, 2009. On the basis of available information, we currently view the prospective impact on the company's credit quality as marginally negative, but not significant enough to revise the ratings or outlook negatively at this stage. The stable outlook has become more fragile, however. We will shortly review the ratings on Schneider, and the prospective acquisition will be taken into consideration. Negative revisions of other parts of...
Companies mentioned in this report are: Schneider Electric S.A.,Alstom S.A.,AREVA
Action: Bulletin
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.
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