Moody's: Sanef, HIT views to stable

Moody's Investors Service said it changed the outlook on the Baa1 senior unsecured rating of Sanef SA and the Baa1 underlying rating of the €1.5 billion senior unsecured facility agreement entered into by Sanef, with BNP Paribas and Dexia Credit Local as arrangers, to stable from negative.

Concurrently, the agency changed the outlook on the Baa3 issuer rating of Holding d'Infrastructures de Transport (HIT), the holding company of Sanef, as well as the Baa3 senior unsecured rating of HIT Finance BV, a guaranteed financing subsidiary of HIT, to stable from negative.

All ratings of Sanef and HIT were affirmed.

Moody's said the outlook change recognizes positive traffic trends on Sanef's network and Moody's expectation that the group will be able to demonstrate credit metrics within its ratio guidance for the current ratings.

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