- Published: August 2011
- Region: Portugal
Portuguese Rail Infrastructure Manager REFER 'B-' Rating Placed On CreditWatch Negative After Similar Action On Portugal Dec 11
- Published: December 2011
- Region: Portugal
- Standard & Poors
On Dec. 5, 2011, we placed our 'BBB-/A-3' ratings on the Republic of Portugal on CreditWatch negative. In accordance with our criteria for rating government-related entities, on Dec. 8, 2011, we placed our long-term 'B-' rating on Portuguese rail infrastructure manager Rede Ferroviaria Nacional REFER, E.P.E. (REFER) on CreditWatch negative. The CreditWatch placement on REFER reflects the risk that we could downgrade REFER by one notch if we lower our long-term rating on the Republic of Portugal by more than two notches. LONDON (Standard & Poor's) Dec. 12, 2011--As previously announced, on Dec. 8, 2011, Standard & Poor's Ratings Services placed its 'B-' long-term corporate credit, 'B-' nonguaranteed issue, and 'BBB-' guaranteed issue ratings on Portuguese rail infrastructure manager Rede...
Companies mentioned in this report are: Rede Ferroviaria Nacional REFER E.P.E.
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
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Rede Ferroviaria Nacional REFER E.P.E.