Investors turn down Autoroutes du Sud after Portugal downgrade

06 Jul 2011

The speed of change in credit investors’ sentiment was highlighted again today when Autoroutes du Sud de la France, a solid French toll road company, abandoned a Eu500m bond sale after launch as demand proved insufficient.

The speed of change in credit investors’ sentiment was highlighted again today when Autoroutes du Sud de la France, a solid French toll road company, abandoned a Eu500m bond sale after launch as demand proved insufficient.

The deal’s failure came only 24 hours after Enel, the Italian power group, ...

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