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Autoroutes Paris Rhin Rhone Outlook Revised To Stable On Resilient Operating Performance; 'BBB-/A-3' Ratings Affirmed Mar 11
Standard & Poors, March 2011
Abstract
French toll road operator APRR has demonstrated resilient operational performance and has taken a first tangible step toward easing its refinancing requirements. We are revising our outlook on APRR to stable from negative. At the same time, we are affirming our 'BBB-/A-3' ratings on APRR. The stable outlook reflects our belief that the APRR group (consolidated up to its parent holding, Eiffarie) will reduce debt steadily, in absolute terms, and continue to refinance in an orderly fashion ahead of schedule. LONDON (Standard & Poor's) March 22, 2011--Standard & Poor's Ratings Services said today that it has revised its outlook on French toll road operator Autoroutes Paris-Rhin-Rh-ne S.A. (APRR) to stable from negative. At the same time, Standard & Poor's has...
Companies mentioned in this report are: Autoroutes Paris-Rhin-Rhone S.A.
Action: Outlook: Stable
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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