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Prospect News home > News index > List of issuers A > Headlines for Autopista del Sol Concesionaria Espanola SA > News item |
S&P puts Ausol on negative watch
S&P said it placed its BBB rating on Autopista del Sol Concesionaria Espanola on CreditWatch with negative implications.
“We understand Ausol has been tax consolidated with its holding companies Infratoll and Meridiam Investments 5 SAS. Therefore, as per Spanish law, Ausol could be deemed jointly and severally liable for any unpaid tax liabilities owed by these companies. We, therefore, consider Ausol exposed to the creditworthiness of these two entities,” said S&P in a press release.
S&P said it aims to resolve the placement within the three to six months, once it has assessed the holding companies’ creditworthiness.
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