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AREVA Ratings Placed On CreditWatch With Negative Implications On Likely Deterioration Of Profits Apr 10
Standard & Poors, April 2010
Abstract
France-based nuclear services provider AREVA's currently strained profitability could be further affected by Electricit- de France potentially ceasing to obtain enriched uranium supplies from AREVA's George Besse nuclear enrichment plant (GB-I) earlier than we expected. The material recovery of AREVA's current weak profitability and credit protection ratios may therefore not occur in 2011 as factored into our rating analysis. We are placing the ratings on AREVA on CreditWatch with negative implications. LONDON (Standard & Poor's) April 14, 2010--Standard & Poor's Ratings Services said today that it placed the 'A' long-term and 'A-1' short-term corporate credit ratings on France-based nuclear services provider AREVA on CreditWatch with negative implications. The CreditWatch placement reflects our view that the assumed recovery of AREVA's profitability...
Companies mentioned in this report are: AREVA
Action: On CreditWatch:Negative
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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