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Autoroutes Paris-Rhin-Rhone ?500 Million Term Loan Rated 'BBB-'; Outlook Stable Sep 07
Standard & Poors, September 2007
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
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Research type: News
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Autoroutes Paris-Rhin-Rhone S.A.