The French railway reform's main impact is on the 'Financial Implication of Default' attribute as the loss of the EPIC status reduces, in Fitch's view, the contagion risk of a default by SNCF
Mobilites on its financial obligations for the state and other EPIC status entities.
Until the end of June, employees of the French state-owned railway company SNCF
plan to strike for two out of every five days to oppose the Macron government's planned reforms to the company.
is reportedly working on a "drone train" project, which will be equipped with autonomous technology.
The first SNCF
train deporting Jews left France for Auschwitz on March 27, 1942.
4 July 2011 - Moody's Investors Service downgraded on Friday the long-term issuer rating of French railway operator SNCF
to Aa1 from Aaa, giving a "stable" outlook.
Zetes (Euronext Brussels: ZTS), a provider of solutions and services for the automatic identification of goods and people, announced on 19 March that it has been awarded a contract with Fret SNCF
, a French rail carrier, to implement and service a mobility solution at Fret SNCF
's European sites.
has also promised to give Fret SNCF
organisational autonomy, meaning its managers will report directly to the management board of the SNCF
group and not SNCF
A spokeswoman for SNCF
said: 'The situation has not changed since Friday and services are still suspended.
The two-notch difference with the sovereign is similar to the notching-down applied to La Poste (A+/Stable/F1) and Deutsche Bahn (AA/Stable/F1+), but remains wider than that applied to SNCF
Reseau (AA/Stable/F1+) which is the infrastructure manager and will not be exposed to competition.