Accor S.A. http://www.alacrastore.com/company-snapshot/Accor_S_A-1000157 25 Nov 2009 01:51:11 EST 1000157 Accor S.A. en AlacraStore RSS Builder 1.0 30 FRANCE - In November #### French Accor SA was rumored to be seeking a buyer for its unit Compagnie Internationale des Wagons-Lits et du Tourisme, a Paris-based aboard trains services provider.18 Nov 2009 08:08:16 EST81572I20438R81572I004347Seeking BuyerCompagnie Internationale des Wagons-Lits et du TourismeSeeking BuyerAccor SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Accor_SA_is_rumored_to_be_seeking_a_buyer_for_CWL-2128430040sdc/21284300402128430040Copyright © 2009, Thomson Financial, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesUnknownInvestors, nec6799UNUnknownPrivate6799:Investors, nec6799:Investors, necTransportation and Shipping (except air)FranceArrangement of passenger transportation, nec4729FFForeignSubsidiary12029001Seeking buyerOwn,op hotelsNot ApplicableAssets129565002Nov 18 20090.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000016 Nov 0931 Dec 0831 Dec 0731 Dec 0631 Dec 0531 Dec 040.000001.00000Seeking buyerSeeking buyerSeeking buyer1.000002.000003.000004.000005.000006.000007.00000Compagnie Internationale desWagons-Lits et du Tourisme,located in Paris, France,specializes in catering ontrains, hotel services insleeping cars or couchettecars.Compagnie Internationale des Wagons-Lits et du Tourisme,located in Paris, France, specializes in catering on trains,hotel services in sleeping cars or couchette cars.Compagnie Internationale des Wagons-Lits et du Tourisme, located in Paris, France, specializes in catering on trains, hotel services in sleeping cars or couchette cars.0.000000.000000.000000.00000N16 Nov 09Mon, 16 Nov 2009 00:00:00 ESTDate Announced: 11/16/2009Date Effective:Acq. of AssetsNot Appl.0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000FRANCE - In November 2009French Accor SA was rumoredto be seeking a buyer for itsunit Compagnie Internationaledes Wagons-Lits et duTourisme, a Paris-basedaboard trains servicesprovider.FRANCE - In November 2009 French Accor SA was rumored to be seeking a buyer for its unit Compagnie Internationale des Wagons-Lits et du Tourisme, a Paris-based aboard trains services provider.FRANCE - In November 2009 French Accor SA was rumored to be seeking a buyer for its unitCompagnie Internationale des Wagons-Lits et du Tourisme, a Paris-based aboard trainsservices provider.FRANCE - In November 2009 French Accor SA was rumored to be seeking a buyer for its unit Compagnie Internationale des Wagons-Lits et du Tourisme, a Paris-based aboard trains services provider.FRANCE - In November 2009 French Accor SA was rumored to be seeking a buyer for its unit Compagnie Internationale des Wagons-Lits et duTourisme, a Paris-based aboard trains services provider.Rumor0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Rumor-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000004729:Arrangement of passenger transportation, nec4789:Transportation services, nec12029001Unknown6799UnknownPrivate7011:Hotels and motels7389:Business services, nec102782002Euro P.P.MFrance7011ForeignPublicAC0.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/ccbn/T2473233T2473233ccbn/T2473233norm15 Oct 2009 08:05:00 EST2473233Final Transcript of AC.PA sales update conference call or presentation, 15-Oct-09 6:30pm CETAccor SA54.0000FinalQ3 2009 Accor SA Sales Conference Call TranscriptAC.PA6:30pm CETTranscript...Ian Rennardson Bank of America-Merrill Lynch - Analyst Simon Champion Deutsche Bank - Analyst Guillaume Rascoussier Oddo - Analyst Vaughan Lewis Morgan Stanley - Analyst Sebastien Valentin Societe Generale - Analyst John Leinster UBS - Analyst James Ainley Citi - Analyst Matthias Desmarais Exane BNP Paribas - Analyst Vicki Lee Barclays Capital - Analyst... Credit & Investment ResearchThomson StreetEventsFRANCE - Accor SA, an Evry Cedex-based owner and operator of hotels, planned to divest its ### F# hotels, to an undisclosed acquiror, for EUR ### mil (USD ###.### mil) in cash.24 Sep 2009 08:22:28 EST90449I35155H90449I004347Undisclosed AcquirorAccor SA-HotelsF1(158)Undisclosed AcquirorAccor SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Undisclosed_Acquiror_acquires_Accor_SA_Hotels_158_from_Accor_SA-2110840040sdc/21108400402110840040Copyright © 2009, Thomson Financial, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesUnknownInvestors, nec6799UNUnknownPrivate6799:Investors, nec6799:Investors, necHotels and CasinosFranceHotels and motels7011FFForeignSubsidiary12752001UnknownOwn,op hotelsCashCash OnlyAssets1106573001Sep 24 20090.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.00000UnknownUnknownUnknown1.000002.000003.00000The 158 F1hotels of Accor SA,located in France, owns andoperates hotels.The 158 F1hotels of Accor SA, located in France, owns andoperates hotels.The 158 F1hotels of Accor SA, located in France, owns and operates hotels.0.000000.000000.000000.00000NEURO22 Sep 09Tue, 22 Sep 2009 00:00:00 ESTDate Announced: 09/22/2009Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.00000272 EURO272.000000.00000272 EURO272.000000.000000.000000.000000.00000272.00000272 EURO1.47900N246.081000.000000.000000.000000.000000.00000402.36700402.367000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000FRANCE - Accor SA, an EvryCedex-based owner andoperator of hotels, plannedto divest its 158 F1 hotels,to an undisclosed acquiror,for EUR 272 mil (USD 402.367mil) in cash.FRANCE - Accor SA, an Evry Cedex-based owner and operator of hotels, planned to divest its 158 F1 hotels, to an undisclosed acquiror, for EUR 272 mil (USD 402.367 mil) in cash.FRANCE - Accor SA, an Evry Cedex-based owner and operator of hotels, planned to divest its158 F1 hotels, to an undisclosed acquiror, for EUR 272 mil (USD 402.367 mil) in cash.FRANCE - Accor SA, an Evry Cedex-based owner and operator of hotels, planned to divest its 158 F1 hotels, to an undisclosed acquiror, for EUR 272 mil (USD 402.367 mil) in cash.FRANCE - Accor SA, an Evry Cedex-based owner and operator of hotels, planned to divest its 158 F1 hotels, to an undisclosed acquiror, forEUR 272 mil (USD 402.367 mil) in cash.BNP Paribas SA1.000000.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000007011:Hotels and motels12752001Unknown6799UnknownPrivate7011:Hotels and motels7389:Business services, nec102782002Euro P.P.MFrance7011ForeignPublicAC402.36700272.00000402.36700246.08100Deal InformationTF Mergers & AcquisitionsSPAIN - In September ####, Accor Sa of France was rumored to be planning to launch a tender offer to acquire NH Hoteles SA, a Madrid-based owner and operator of hotels.11 Sep 2009 07:54:43 EST00434762912M00434762912MAccor SANH Hoteles SAAccor SANH Hoteles SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Accor_SA_is_rumored_to_be_planning_to_acquire_NH_Hoteles_SA-2106890040sdc/21068900402106890040Copyright © 2009, Thomson Financial, All Rights ReservedEuro P.P.MHotels and CasinosFranceHotels and motels7011FFForeignPublicAC7011:Hotels and motels7389:Business services, nec7011:Hotels and motels7389:Business services, necMadridHotels and CasinosSpainHotels and motels7011FFForeignPublicNHH102782002Own,op hotelsOwn,op hotelsNot ApplicableOrdinary Share135762002Sep 11 20099.9550041.29700162.04000302.38700335.06000230.53700237.24100251.429001472.970000.607001.35800-16.43600-0.44900-65.44200-143.287001867.84600380.494004584.44500EUR31 Dec 080.00000803.859000.0000010638.8940015645.18600EURO30 Jun 0931 Dec 0831 Dec 0731 Dec 0631 Dec 0531 Dec 041.403001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.0000031.0000032.0000033.0000034.0000035.0000036.00000Accor SA, headquartered inEvry, France, owns andoperates hotels, from upperupscale to budgetaccommodations, under theSofitel, Pullman, MGallery,Novotel, Mercure, Suitehotel,Ibis, all seasons, Etap Hotel,Formule 1, and Motel 6 brands.It owns about 3,893 hotelswith a total of 461,698 roomsin 90 countries. The groupalso provides businessservices, such as employeebenefits, rewards and loyaltyprograms and gift solutions,through Ticket which providesvouchers to employees to beused in restaurants,groceries, employee savingsand retirement solutions,advice on housing, lifestyle,legal counseling andinformation on governmentprograms, access to cultural,sports and leisure activitiesas well as eye examinations.The company also offersexpense management solutionssuch as Ticket Clean Way forall types of cleaning ofcorporate clothing and TicketCar, used to monitor expensesof company cars and utilityvehicles. The company wasfounded in 1983.Accor SA, headquartered in Evry, France, owns and operateshotels, from upper upscale to budget accommodations, underthe Sofitel, Pullman, MGallery, Novotel, Mercure,Suitehotel, Ibis, all seasons, Etap Hotel, Formule 1, andMotel 6 brands. It owns about 3,893 hotels with a total of461,698 rooms in 90 countries. The group also providesbusiness services, such as employee benefits, rewards andloyalty programs and gift solutions, through Ticket whichprovides vouchers to employees to be used in restaurants,groceries, employee savings and retirement solutions, adviceon housing, lifestyle, legal counseling and information ongovernment programs, access to cultural, sports and leisureactivities as well as eye examinations. The company alsooffers expense management solutions such as Ticket Clean Wayfor all types of cleaning of corporate clothing and TicketCar, used to monitor expenses of company cars and utilityvehicles. The company was founded in 1983.Accor SA, headquartered in Evry, France, owns and operates hotels, from upper upscale to budget accommodations, under the Sofitel, Pullman, MGallery, Novotel, Mercure, Suitehotel, Ibis, all seasons, Etap Hotel, Formule 1, and Motel 6 brands. It owns about 3,893 hotels with a total of 461,698 rooms in 90 countries. The group also provides business services, such as employee benefits, rewards and loyalty programs and gift solutions, through Ticket which provides vouchers to employees to be used in restaurants, groceries, employee savings and retirement solutions, advice on housing, lifestyle, legal counseling and information on government programs, access to cultural, sports and leisure activities as well as eye examinations. The company also offers expense management solutions such as Ticket Clean Way for all types of cleaning of corporate clothing and Ticket Car, used to monitor expenses of company cars and utility vehicles. The company was founded in 1983.1.000002.000003.000004.000005.00000NH Hoteles SA, headquarteredin Madrid, Spain, owns andoperates hotels. The companywas founded on December 23,1981.NH Hoteles SA, headquartered in Madrid, Spain, owns andoperates hotels. The company was founded on December 23,1981.NH Hoteles SA, headquartered in Madrid, Spain, owns and operates hotels. The company was founded on December 23, 1981.0.000000.000000.00000147.97000Y09 Sep 09Wed, 09 Sep 2009 00:00:00 ESTDate Announced: 09/09/2009Date Effective:AcquisitionNeutral0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000001396.1590000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000004.912004.466004.2190014.528004.722000.466000.00000-40.274000.000001620.049002.641001801.3380011.7190011.39200-34.50000-10.701001.000002.000003.000004.000005.000006.000007.00000SPAIN - In September 2009,Accor Sa of France wasrumored to be planning tolaunch a tender offer toacquire NH Hoteles SA, aMadrid-based owner andoperator of hotels.SPAIN - In September 2009, Accor Sa of France was rumored to be planning to launch a tender offer to acquire NH Hoteles SA, a Madrid-based owner and operator of hotels.SPAIN - In September 2009, Accor Sa of France was rumored to be planning to launch atender offer to acquire NH Hoteles SA, a Madrid-based owner and operator of hotels.SPAIN - In September 2009, Accor Sa of France was rumored to be planning to launch a tender offer to acquire NH Hoteles SA, a Madrid-based owner and operator of hotels.SPAIN - In September 2009, Accor Sa of France was rumored to be planning to launch a tender offer to acquire NH Hoteles SA, aMadrid-based owner and operator of hotels.Rumor3563.00000575.000007610.0000011191.000007.09400115.47000215.48100238.76400164.28100169.05800179.168001049.63800-11.712000.180000.550000.505000.000000.00000-0.320001283.633001305.437001355.234001045.93100893.71400847.8870026.7920077.4430062.4480062.2430042.13200-46.634008.78000108.0020086.9450088.2260079.13900-102.106001460.108001463.626001094.52100976.54300950.008001331.027003266.875003241.264003280.942002681.853002106.922001821.06800Status:RumorEUR-999.00000np0.00000-999.00000np-68.22200-42.287000.0000015.5000011.343001472.970009.9360015.504000.000000.000000.000007011:Hotels and motels102782002Euro P.P.MFrance7011ForeignPublicAC7011:Hotels and motels135762002MadridSpain7011ForeignPublicNHH0.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/research/s-and-p-credit-research-Accor_BBB_Ratings_On_CreditWatch_Negative_On_Weaker_Performance_And_Uncertainties_Regarding_Possible_Services_Demerger-745880745880spcred/745880normglobalstructured10 Sep 2009 03:19:36 EST100NewsThe latest News from S&PFranceHotels, Resorts & Cruise LinesAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersStructured FinanceNewsFRA0043M00043M10043M625301020 253010 2530 25Accor S.A.126765ASIAEMERGINGEUROMIDAFRLATAMERICAUSAAC@FPNEWSCDOCMBSCORPFIGLOBISSHotelSTRUCCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Research_Update_Accor_BBB_Ratings_On_CreditWatch_Negative_On_Weaker_Performance_And_Uncertainties_Regarding_Possible_Services_Demerger-745881745881spcred/745881normglobalstructured10 Sep 2009 03:19:36 EST175Research UpdateThe latest Research Update from S&PFranceHotels, Resorts & Cruise LinesAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersStructured FinanceResearch UpdateFRA0043M00043M10043M625301020 253010 2530 25Accor S.A.126765ASIAEMERGINGEUROMIDAFRLATAMERICAUSAAC@FPRESUPDCDOCMBSCORPFIGLOBISSHotelSTRUCCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_186001_9230PR_186001_9230moodys/PR_186001_9230html03 Sep 2009 04:39:07 ESThtmlACCOR S.A.ACCOR S.A.9230150.000002 Sep 2009NewsRating ActionCGlobal Credit Research Rating Action # SEP #### Rating Action: ACCOR S.A. Moody's changes outlook on Accor's P-# rating to negative London, ## September #### -- Moody's Investors Service has today changed the outlook on Accor's Prime-#...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/505508_pr_frame505508_pr_framefitch/505508_pr_framehtmlAccor S.A.Orbis S.A.806925898036105628 Aug 2009 10:17:00 EST0103210085Press ReleaseACORBFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/ccbn/T2406514T2406514ccbn/T2406514norm27 Aug 2009 09:05:00 EST2406514Final Transcript of AC.PA earnings conference call or presentation, 27-Aug-09 8:30am CETAccor SA54.0000FinalInterim 2009 Accor SA Earnings Presentation TranscriptAC.PA8:30am CETTranscript...Alexander Bretzplatt - Analyst Bruno Cortand - Analyst Guillaume Rascoussier Oddo Securities - Analyst Jerome Marme Journal des Finances - Media Matthias Desmarais Exane - Analyst Elena Polonska The Hotel Magazine - Media P R E S E N T A T I O N... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/bir/460002460002bir/460002norm9ACCOR S.A.Red Roof Inns Inc.Motel 6 Operating LPFrance01 Aug 2009 06:12:00 ESTServices: Hotels, corporate services, casinos and travel agencies. The company had 3,900 hotels in December 2003 in 90 countries from budget to luxury hotels.PARIS721110M7011I53211156151047247514ACServices: Hotels, corporate services, casinos and travel agencies. The company had 3,900 hotels in December 2003 in 90 countries from budget to luxury hotels.Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/fitch/502139_pr_frame502139_pr_framefitch/502139_pr_framehtmlOrbis S.A.Accor S.A.806925898036105629 Jul 2009 10:20:00 EST0103210085Press ReleaseORBACFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/ccbn/T2297404T2297404ccbn/T2297404norm17 Jul 2009 04:06:00 EST2297404Final Transcript of AC.PA sales update conference call or presentation, 16-Jul-09 6:30pm CETAccor SA54.0000FinalQ2 2009 Accor SA Sales Conference Call TranscriptAC.PA6:30pm CETTranscript...Vicki Lee Barclays Capital - Analyst Simon Champion Deutsche Bank - Analyst Ian Rennardson Banc of America Securities - Analyst Guillaume Rascoussier Oddo Securities - Analyst Peter Hyde Credit Suisse - Analyst Michael Kass Barron - Analyst Draziotis Leinster UBS - Analyst P R E S E N T A T I O N... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/fitch/458666_report_frame458666_report_framefitch/458666_report_framepdfAccor S.A.8036105615 Jul 2009 02:16:00 EST01032100165Credit Update12040Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/498676_pr_frame498676_pr_framefitch/498676_pr_framehtmlAccor S.A.Orbis S.A.806925898036105602 Jul 2009 10:32:00 EST0103210085Press ReleaseORB12040Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/722190722190spcred/722190normglobalstructured15 May 2009 10:24:00 EST400Full ReportThe latest Full Report from S&PFranceHotels, Resorts & Cruise LinesAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersStructured FinanceFull ReportFRA0043M00043M10043M625301020 253010 2530 25Accor S.A.126765ASIAEMERGINGEUROMIDAFRLATAMERICAUSAAC@FPFULLCDOCMBSCORPFIGLOBISSHotelSTRUCCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/722191722191spcred/722191normglobalstructured15 May 2009 10:24:00 EST175SummaryThe latest Summary from S&PFranceHotels, Resorts & Cruise LinesAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersStructured FinanceSummaryFRA0043M00043M10043M625301020 253010 2530 25Accor S.A.126765ASIAEMERGINGEUROMIDAFRLATAMERICAUSAAC@FPSUMMARYCDOCMBSCORPFIGLOBISSHotelSTRUCCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_9230COP_9230moodys/COP_9230html05 May 2009 04:26:00 ESThtmlACCOR S.A.ACCOR S.A.9230150.000004 Sep 2009NewsCredit OpinionCGlobal Credit Research Credit Opinion # SEP #### Credit Opinion: ACCOR S.A. ACCOR S.A. Paris, France Ratings Category Moody's Rating Outlook Negative Commercial Paper -Dom Curr P-# Contacts Analyst Phone Marika Makela/London ##.##.####.####...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T2159476T2159476ccbn/T2159476norm16 Apr 2009 05:05:00 EST2159476Final Transcript of AC.PA sales update conference call or presentation, 16-Apr-09 6:30pm CETAccor SA54.0000FinalQ1 2009 Accor SA Sales Conference Call TranscriptAC.PA6:30pm CETTranscript...Ian Rennardson Merrill Lynch - Analyst Craig Fraser Liberon Capital - Analyst Vicki Lee Barclays Capital - Analyst Vaughan Lewis Morgan Stanley - Analyst Guillaume Rascoussier Oddo Securities - Analyst Pierre Lamelin Cheuvreux - Analyst Catherine Rolland Kepler - Analyst Peter Hyde Credit Suisse - Analyst P R E S E N T A T I O N... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/713799spcred/713799norm713799The latest News from S&Pstructured03 Apr 2009 01:29:00 EST100NewsFranceHotels, Resorts & Cruise LinesAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesCorporationsFinancial InstitutionsGlobal IssuersHotel & GamingStructured FinanceCollateralized Debt ObligationsCommercial MBSNewsFRA0043M00043M10043M625301020 253010 2530 25Accor S.A.126765ASIAEMERGINGEUROMIDAFRLATAMERICAUSAAC@FPNEWSFICORPCDOCMBSHotelGLOBISSSTRUCCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/713800spcred/713800norm713800The latest Research Update from S&Pstructured03 Apr 2009 01:29:00 EST175Research UpdateFranceHotels, Resorts & Cruise LinesAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesFinancial InstitutionsGlobal IssuersHotel & GamingStructured FinanceCollateralized Debt ObligationsCommercial MBSResearch UpdateFRA0043M00043M10043M625301020 253010 2530 25Accor S.A.126765ASIAEMERGINGEUROMIDAFRLATAMERICAUSAAC@FPRESUPDFICORPCDOCMBSHotelGLOBISSSTRUCCorporationsCredit & Investment ResearchS&P Credit Research