PARIS (Standard&Poor's) Sept. 3, 2007--Standard&Poor's Ratings Services said today that its 'AA-/A-1+' ratings on French gas utility Gaz de France S.A. (GDF) remain on CreditWatch with negative implications, and that its 'A-/A-2' ratings on Franco-Belgian multi-utility Suez S.A. remain on CreditWatch with positive implications, following the announcement of the revised terms for the merger between the two. The ratings were placed on CreditWatch on Feb. 27, 2006, following the initial merger announcement. "Notwithstanding changes in the terms of the merger it should still be overall beneficial for Suez and dilutive for GDF from a credit standpoint, in terms of both business and financial risk," said Standard&Poor's credit analyst Hugues de la Presle. Although Suez
