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Autoroutes Paris-Rhin-Rh?ne 'A/A-1' Ratings Remain On CreditWatch Negative On Expected Sale Dec 05
Standard & Poors, Dec 2005
Abstract
PARIS (Standard & Poor's) Dec. 14, 2005--Standard & Poor's Ratings Services said today that its 'A' long-term and 'A-1' short term corporate credit ratings on France-based toll-road operator Autoroutes Paris-Rhin-Rh-ne (APRR) remain on CreditWatch with negative implications, where they were originally placed on Aug. 31, 2005, following completion of the first step by the French state to divest its 70.2% shareholding in the company. The Creditwatch update reflects the government's announcement today that it has selected a consortium led by Eiffage and Macquarie Infrastructure Group as preferred bidder to buy the state's stake. The ratings will remain on CreditWatch pending completion of the privatization process expected in first-quarter 2006. 'Key to resolving the Creditwatch will be information about APRR's ownership...
Companies mentioned in this report are: Autoroutes Paris-Rhin-Rhone S.A.
Action: CreditWatch Update
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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