| Title: | Summary: Societe Nationale des Chemins de Fer Francais |
| Price: | $175.00 |
| Publication Date: | Aug 20, 2008 |
| Report Type: | Summary |
| Abstract: | The ratings on state-owned national railway company Société Nationale des Chemins de Fer Français (SNCF) are based on its ownership by the Republic of France (AAA/Stable/A-1+), its socioeconomic importance, and consequently Standard&Poor's Ratings Services' expectation of very strong timely state support for SNCF's obligations. By contrast, on a stand-alone basis, SNCF's financial profile remains weak. The SNCF parent company is the national rail transport provider in France. It is 100% state owned and benefits from a close relationship with, and support from, its owner. The government does not have any privatization plans. With consolidated revenues of €23.7 billion in 2007, up 4.3% on 2006 figures on a pro forma basis, SNCF is one of Europe's largest rail companies. |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Societe Nationale des Chemins de Fer Francais Publication date: ##-Aug-#### Primary Credit Analyst: Florian De chaisemartin, London (##) ##-####-####; florian_dechaisemartin@standardandpoors.com... |
| Word Count: | 1308 |
| Ticker: | 224507Z |
| Issuer: | Societe Nationale des Chemins de Fer Francais |
| GICS: | Railroads (20304010) |
| Sector: | Global Issuers, Sovereigns, Corporations, Transportation |
| Country: | France |
| Region: | Europe, Middle East, Africa |
| Format: | 
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