Home Credit Ratings and Research S&P Global Ratings’ Credit Research Sanef

French Toll-Road Operator Sanef 'A+/A-1' Ratings Still On Watch Neg On Probable Abertis Deal

Published Dec 14, 2005

638 words — Published Dec 14, 2005

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

PARIS (Standard & Poor's) Dec 14, 2005--Standard & Poor's Ratings Services said today that its 'A+' long-term and 'A-1' short-term corporate credit ratings on France-based toll-road operator Sanef remain on CreditWatch with negative implications, where they had been placed on Aug. 31, 2005 following the completion of the first step by the French state toward divesting its 75.6% shareholding in Sanef. The CreditWatch update reflects today's announcement by the state that it has selected a consortium led by Abertis (AA-/Watch Neg/--) as preferred bidder to buy the state's stake. The overall transaction value is about Ç4 billion. The ratings will remain on CreditWatch pending completion of the privatization process, expected in the first quarter of 2006. "Key to resolving the

Brief Excerpt:

RESEARCH French Toll-Road Operator Sanef 'A+/A-1' Ratings Still On Watch Neg On Probable Abertis Deal Publication date: 14-Dec-2005 PARIS (Standard & Poor's) Dec 14, 2005--Standard & Poor's Ratings Services said today that its 'A+' long-term...

Report Type:

News

Issuer

Sanef

Sector

Capital Goods, Corporations, Global Issuers

Format:

HTML

French Toll-Road Operator Sanef Long-Term Rating Cut To 'A'; Still On Watch Neg – 2006/03/30 – US$ 150.00

Research Update: French Toll-Road Operator Sanef Long-Term Rating Cut To 'A'; Still On Watch Neg – 2006/03/30 – US$ 225.00

Abertis, HIT Affirmed At 'A'; Sanef Affirmed At 'A/A-1'; All Off Watch Neg; Outlook Stable – 2006/04/11 – US$ 150.00

Research Update: French Toll-Road Operator Sanef Affirmed At 'A/A-1'; Off CreditWatch Negative; Outlook Stable – 2006/04/11 – US$ 225.00

Sanef – 2006/04/12 – US$ 500.00

Research Update: French Toll-Road Operator Sanef 'A+/A-1' Ratings Still On Watch Neg On Probable Abertis Deal – 2005/12/14 – US$ 225.00

Research Update: French Toll-Road Company Sanef 'A+/A-1' Ratings Remain On Watch Negative On Ownership Change – 2005/11/30 – US$ 225.00

Research Update: Sanef 'A+/A-1' Ratings Placed On CreditWatch Negative On State's Accelerated Divestment – 2005/08/31 – US$ 225.00

Research Update: Sanef Outlook To Negative On French State's Toll Road Divestment; 'A+/A-1' Ratings Affirmed – 2005/07/04 – US$ 225.00

Sanef – 2005/03/21 – US$ 500.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "French Toll-Road Operator Sanef 'A+/A-1' Ratings Still On Watch Neg On Probable Abertis Deal" Dec 14, 2005. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/French-Toll-Road-Operator-Sanef-A-A-1-Ratings-Still-On-Watch-Neg-On-Probable-Abertis-Deal-482025>

APA:	S&P Global Ratings’ Credit Research. (). French Toll-Road Operator Sanef 'A+/A-1' Ratings Still On Watch Neg On Probable Abertis Deal Dec 14, 2005. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/French-Toll-Road-Operator-Sanef-A-A-1-Ratings-Still-On-Watch-Neg-On-Probable-Abertis-Deal-482025>

US$ 150.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.