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Autoroutes Paris-Rhin-Rh?ne ?800 Mil Senior Unsecured Facility Rated 'A'; On Watch Negative Nov 05
Standard & Poors, Nov 2005
Abstract
PARIS (Standard & Poor's) Nov. 29, 2005--Standard & Poor's Ratings Services said today that it assigned its 'A' long-term senior unsecured debt rating to France-based toll-road concessionaire Autoroutes Paris-Rhin-Rh-ne's (APRR; A/Watch Neg/A-1) new -800 million ($946 million) seven-year revolving credit facility maturing in September 2012. At the same time, Standard & Poor's placed this rating on CreditWatch with negative implications, in line with the corporate credit rating, which was placed on CreditWatch on Aug. 31, 2005, following the completion of the first step of the forthcoming divestment of the French state's 70.2% shareholding in the company. The new facility may be used for various purposes, including working capital, acquisitions, or the refinancing of APRR's or its subsidiaries' debt. The new...
Companies mentioned in this report are: Autoroutes Paris-Rhin-Rhone S.A.
Action: New Rating
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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