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BULLETIN: Edison SpA Rtgs Weather Bid by Italenergia SpA for Majority Owner Montedison SpA Jul 01
Standard & Poors, July 2001
Abstract
Corporate credit rating: A-/Watch Neg/A-2 Standard & Poor's today said that the bid by Italenergia SpA for Montedison SpA (not rated) and Edison SpA should not affect Edison's ratings nor its CreditWatch placement with negative implications (refer to the related press release issued on March 19, 2001). Montedison owns 61% of Edison. Italenergia is about 40%-owned by Fiat SpA (--/--/A-3), 18% by Electricit- de France (AA+/Negative/A-1+), and the balance is jointly owned by a group of financial institutions. The potential ownership changes add to the uncertainty facing Edison, which is one of the bidders for the electricity generating assets being sold off by Enel SpA (A+/Stable/A-1)....
Companies mentioned in this report are: Edison SpA,Electricite de France S.A.,Fiat SpA,Enel SpA
Action: S&P Event
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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