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BULLETIN: Romanian Railway CFR Marfa S.A. 'B+' Ratings Unaffected After Sovereign Upgrade Feb 03
Standard & Poors, Feb 2003
Abstract
Standard & Poor's Ratings Services said today that the 'B+' long-term corporate credit rating on Romania-based freight railway company CFR Marfa S.A. (Marfa) and the 'B+' long-term senior unsecured debt rating on Marfa's outstanding -120.0 million ($129.5 million) bond will not change after the raising of the local and foreign currency ratings on Romania (see 'Republic of Romania Long-Term Rtgs Raised Owing to Improvements to Management of Economy', published on Feb. 27, 2003, on RatingsDirect, Standard & Poor's Web-based credit analysis system). The ratings on Marfa reflect the company's strategic importance to the Romanian transport sector and its strong relationship with the sovereign. Marfa, which is wholly owned by the state, is defined by the Romanian government as a company...
Companies mentioned in this report are: CFR Marfa S.A.,Romania
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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