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Autoroutes Paris-Rhin-Rhone ?500 Million Term Loan Rated 'BBB-'; Outlook Stable Sep 07
Standard & Poors, Sep 2007
Abstract
LONDON (Standard & Poor's) Sept. 3, 2007--Standard & Poor's Ratings Services said today it assigned its 'BBB-' debt rating to the seven-year senior unsecured -500 million term loan facility issued by French toll road operator Autoroutes Paris-Rhin-Rhone (APRR). At the same time, Standard & Poor's affirmed its 'BBB-' rating on APRR's seven-year -1.8 billion senior unsecured revolving credit facility (RCF). The outlook on the term loan facility and the RCF is stable. APRR will use the new term loan facility to partially refinance its existing RCF. APRR is also putting in place an EMTN program in the near future, which may be used to refinance the remainder of the RCF, finance maturities of Caisse Nationale des Autoroutes (CNA) debt, and...
Companies mentioned in this report are: Autoroutes Paris-Rhin-Rhone S.A.
Action: New Rating
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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