S&P upgrades Autoroutes Paris-Rhin

Standard & Poor’s said it raised the long-term corporate credit rating on Autoroutes Paris-Rhin-Rhone SA to BBB+ from BBB and affirmed its A-2 short–term corporate credit rating.

The outlook is stable.

The agency also said it raised the ratings on Autoroutes Paris-Rhin-Rhone’s senior unsecured debt to BBB+ from BBB.

The upgrade reflects a view that the company’s financial measures will be supportive of a significant financial risk profile, S&P said.

Despite difficult economic conditions in France, the agency said it expects the company to benefit from a modest traffic-volumes growth.

Combined with Autoroutes Paris-Rhin-Rhone’s tariff increase and its efficient cost management, the agency said it expects fairly resilient earnings.

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