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BULLETIN: VINCI S.A. Ratings Unchanged As Group Likely to Pursue Current Strategy Jun 06
Standard & Poors, June 2006
Abstract
PARIS (Standard & Poor's) June 7, 2006--Standard & Poor's Ratings Services said today that its ratings and outlook on VINCI S.A. (BBB+/Stable/A-2) remain unchanged following the replacement last week of the group's chairman, as the new incumbent and the CEO are likely to maintain the group's current strategy. VINCI is expected to continue to be concession-oriented, with strong market positions in its four business segments (concessions, construction, roads, and energy). The focus of external growth is predominantly Europe-based, with a cautious approach to group expansion in the U.S. Corporate governance will likely improve, notably through the better use of directors committees and the incorporation of new board members. Consequently, Standard & Poor's believes that VINCI will finance its expansion strategy...
Companies mentioned in this report are: 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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