7 Mars 2005 , Barcelona
Credit Agency Standard & Poor’s maintains the “AA-” classification for abertis
The financial classification agency Standard & Poor’s maintains the “AA-“ classification that it assigned abertis in September of 2004, and highlights the financial structure of the company as one of the key elements for maintaining this classification.
Standard & Poor’s emphasizes the solid prospects of cash-flow generation for abertis; a stable regulating tariff framework; its low risk profile and the capacity to continue to grow in the future in the management of infrastructures. The financial classification agency maintains the classification and assigns a negative Outlook. Standard & Poor’s also highlights the liquidity of the company, stemming from its capacity for generating cash flow and its ease of access to financing. In this sense, it refers to the fixed income programme for a value of 700 million Euros approved by abertis in December of 2004 and to be realised during the 2005 accounting period.
abertis is the only European company in its sector that has attained the “AA-“ classification assigned by Standard & Poor’s. Likewise this classification is placed on the highest level of non-financial companies quoting in the selective Ibex 35.
This classification is added to the one confirmed last July by Fitch Ratings agency, which maintains the “A+” classification with Stable Outlook and the short term “F1” classification.
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