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BULLETIN: Cofiroute's Ratings Unaffected By French State's Rapid Toll Road Divestments Jul 05
Standard & Poors, July 2005
Abstract
PARIS (Standard & Poor's) July 4, 2005--Standard & Poor's Ratings Services said today its ratings and outlook on French toll road operator (TRO) Cofiroute (A/Stable/A-1) are unaffected by the French state's divestment of its the toll road sector assets. Cofiroute, as a private company, is not affected by last week's announcement by France's government that it will fully and rapidly divest its remaining stakes in the three state-controlled TROs: Autoroutes du Sud de la France S.A. (ASF, A+/Negative/A-1), Autoroutes Paris-Rhin-Rhone (APRR; A/Negative/A-1), and Sanef (A+/Negative/A-1). The announcement prompted an outlook revision to negative from stable on these three TROs. Cofiroute is owned principally by France's main construction companies, including Vinci S.A. with 65%, Colas (part of the Bouygues group) with...
Companies mentioned in this report are: Cofiroute,VINCI S.A.
Action: Bulletin
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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