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BULLETIN: BAE Systems Ratings Unaffected By Announced Discussions To Sell Airbus Stake To EADS

Published Apr 10, 2006

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Abstract:

NEW YORK (Standard&Poor's) April 10, 2006--Standard&Poor's Ratings Services said today that its ratings and outlook on U.K.-based BAE Systems PLC (BBB/Negative/A-3) are unaffected by the group's recent announcement that it has entered into discussions with France-based European Aeronautic Defence and Space Co. N.V. (EADS; A/Stable/A-1) regarding the sale of its 20% stake in Airbus SAS (80% owned by EADS). The discussions are at an early stage, with key issues including valuation and pension liabilities. The ultimate impact on ratings will depend partly on price (BAE Systems can put its stake for sale to EADS, which carries it on its books at €3.5 billion) and use of proceeds. The announcement, coupled with BAE Systems' upward trending financial

Report Type:

Bulletin

Ticker

BA/@LN

Issuer

BAE Systems PLC

GICS

Aerospace & Defense (20101010)

Sector

Global Issuers, Structured Finance

Country

United Kingdom

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "BULLETIN: BAE Systems Ratings Unaffected By Announced Discussions To Sell Airbus Stake To EADS" Apr 10, 2006. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-BAE-Systems-Ratings-Unaffected-By-Announced-Discussions-To-Sell-Airbus-Stake-To-EADS-502608>

APA:	S&P Global Ratings’ Credit Research. (). BULLETIN: BAE Systems Ratings Unaffected By Announced Discussions To Sell Airbus Stake To EADS Apr 10, 2006. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-BAE-Systems-Ratings-Unaffected-By-Announced-Discussions-To-Sell-Airbus-Stake-To-EADS-502608>

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