Fitch changes Sanef, HIT view

Fitch Ratings said it revised the outlook on Sanef and its holding company Holding d'Infrastructures de Transport's (HIT) long-term issuer default ratings to stable from negative and affirmed their issuer default ratings at BBB.

The agency said the action on the companies mirrors that of parent Abertis Infraestructuras, SA due to their strong linkages.

Abertis has full ownership and operational control of both entities and full access to their cash flow generation due to the absence of material ring-fencing features in Sanef's concession agreement and HIT's debt structure, Fitch noted.

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