Research Update: Ratings On France-Based RTE EDF Transport Lowered To 'A+/A-1' On Sovereign Rating Action; Outlook Stable Jan 12
- Language: English
- Published: January 2012
We placed our 'AAA' long-term unsolicited sovereign credit rating on the Republic of France on CreditWatch negative on Dec. 5, 2011. In accordance with our criteria on government-related entities, we placed our 'AA-/A-1+' long- and short-term corporate credit ratings on French electricity transmission system operator RTE EDF Transport S.A. (RTE) on CreditWatch negative on Dec. 8, 2011. The CreditWatch placement on RTE reflects that on the sovereign and our opinion that a downgrade of the sovereign is likely to result in a downgrade of RTE. LONDON (Standard & Poor's) Dec. 12, 2011--As previously announced, on Dec. 8, 2011, Standard & Poor's Ratings Services placed its 'AA-/A-1+' long- and short-term corporate credit ratings on French electricity transmission system operator RTE EDF...
Companies mentioned in this report are: RTE EDF Transport S.A.
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.
SHOW LESS READ MORE >
RTE EDF Transport S.A.