- Language: English
- Published: March 2012
Summary: Societe Marseillaise du Tunnel Prado-Carenage S.A. (SMTPC) Feb 06
- ID: 2043374
- February 2006
- Standard & Poors
The ratings on France-based toll-road operator Soci-t- Marseillaise du Tunnel Prado-Car-nage S.A. (SMTPC) reflect the unconditional and irrevocable guarantee provided by CIFG Europe (AAA/Stable/--) for the timely payment of scheduled interest and principal on two bank loans extended to SMTPC: a -65.3 million senior secured bank loan from the former entity CDC IXIS Financements, now known as IXIS Corporate & Investment Bank, maturing in 2020; and a -25.8 million senior secured loan from EIB Finance S.A., maturing in 2009. The values quoted above are at June, 30 2005. The loans were initially for -73 million and -34 million, respectively. SMTPC owns and operates a 2.5-kilometer tunnel in Marseille under a 32-year contract, ending in 2025. The tunnel was opened in...
Companies mentioned in this report are: Societe Marseillaise du Tunnel Prado-Carenage S.A. (SMTPC),VINCI S.A.,CIFG Europe
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Societe Marseillaise du Tunnel Prado-Carenage S.A. (SMTPC),VINCI S.A.,CIFG Europe