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
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Research type: News
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RTE EDF Transport S.A.