Report title: Consorcio de Transportes de Bizkaia
from S&P Credit Research
published Aug 25, 2008

Price $400.00 available for immediate download
Report Overview
 
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Strong financial support from the Autonomous Community of the Basque Country and the Historical Territory of Bizkaia A politically and socially essential mandate, namely operating and managing the city of Bilbao's public-transport network A supportive statutory and financing framework, which allows debt sustainability A large debt burden that will increase until 2011 Subsidy adjustments, which are determined on an ad hoc basis The ratings on Consorcio de Transportes de Bizkaia (CTB), the Spanish city of Bilbao's public-transport authority, primarily reflect the credit quality of its government owners, the Autonomous Community of the Basque Country (AAA/Stable/--) and its largest province, the Historical Territory of Bizkaia (AA+/Stable/A-1+). They also acknowledge these owners' continued strong financial support for CTB. The ratings are constrained

Report Type: Full Report
Ticker: 1235Z@SM
Issuer: Consorcio de Transportes de Bizkaia
GICS: Railroads (20304010)
Sector: Global Issuers, International Public Finance, Transportation
Country: Spain
Region: Europe, Middle East, Africa
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