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A Bigger, Brighter Future For French Public-Private Partnerships Could Be On The Cards Jan 08
Standard & Poors, Jan 2008
Abstract
Since the introduction of the public-private partnership (PPP) or 'contrat de partenariat public priv-' (CPPP) model in France in 2004, about 130 projects have launched. Yet this only amounts to a dozen contracts, awarded for a total estimated investment value of -2.5 billion (at year-end 2007). This figure is small compared with U.K. PPPs; there, signed projects have a capital value in excess of -66 billion (-50 billion). The PPP model may become more popular in France, though, as the country is gradually addressing the need for a public investment policy. President Nicolas Sarkozy, elected in May 2007, is more open to the private sector than his predecessors were. In October 2007 he stated his intention of amending the 2004...
Companies mentioned in this report are: Societe Nationale des Chemins de Fer Francais,Caisse des Depots et Consignations,Reseau Ferre de France,VINCI S.A.,Bouygues S.A.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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