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S&P lowers EUROFIMA's ratings outlook

S&P Global Ratings on June 4 revised the outlook on EUROFIMA European Co. for the Financing of Railroad Rolling Stock's ratings to negative from stable, and affirmed the firm's long- and short-term issuer credit ratings at AA+/A-1+.

The company's senior unsecured debt was affirmed at AA+.

The negative outlook reflects the fact that the agency could lower the company's ratings during the next 24 months if it sees weaker market access, which could have a negative effect on S&P's assessment of its funding and liquidity. If the implementation of EUROFIMA's proposed amendments on its statutes disrupted the company's funding in the market, it could lead to a downgrade.

EUROFIMA's shareholders are railways of European member states that are parties to an international treaty.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.