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APRR Assigned 'BBB-' Debt Rating; Corporate Credit Ratings Withdrawn; Outlook On Debt Stable May 06
Standard & Poors, May 2006
Abstract
LONDON (Standard & Poor's) May 18, 2006--Standard & Poor's Ratings Services said today that it assigned its 'BBB-' senior unsecured debt rating to French toll road operator Autoroutes Paris-Rhin-Rhone's (APRR) seven-year, -1.8 billion, revolving credit facility maturing in 2013. The outlook is stable. At the same time, Standard & Poor's withdrew its 'BBB' long-term and 'A-2' short-term corporate credit ratings on APRR. Prior to the withdrawal, these ratings had been on CreditWatch, where they were placed with negative implications on Aug. 31, 2005. The 'BBB' bank loan rating on APRR's -800 million senior unsecured revolving credit facility has also been withdrawn, following the cancellation of this facility. 'We have assigned the debt ratings and withdrawn the corporate credit ratings to...
Companies mentioned in this report are: Autoroutes Paris-Rhin-Rhone S.A.
Action: New Rating
Action: Outlook: Stable
Action: Withdrawn
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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