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S&P Credit Research1255 word report
published Jun 16, 2009
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S&P Credit Research
| Abstract: | The ongoing recession has reduced the tax revenues of the Historical Territory of Bizkaia, one of the company's government owners. The ratings on Spanish public transport authority Consorcio de Transportes de Bizkaia mainly acknowledge the credit quality of its two government owners. We are revising our outlook on the company to negative from stable. The negative outlook mirrors that on Bizkaia, which reflects our view that the recession will result in higher debt ratios for Bizkaia over the next two years. On June 16, 2009, Standard&Poor's Ratings Services revised its outlook to negative from stable on Consorcio de Transportes de Bizkaia (CTB), the Spanish city of Bilbao's public-transport authority. At the same time, the 'AA' long-term and 'A-1+'
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Basque Public Transport Authority Consorcio de Transportes de Bizkaia Outlook Revised To Negative On Recession's Impact Publication date: 16-Jun-2009 Primary Credit Analyst: Lorenzo Pareja,...
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| Report Type: | Research Update
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| Ticker: | 1235Z@SM
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| Issuer: | Consorcio de Transportes de Bizkaia
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| GICS: | Railroads (20304010)
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| Sector: | Global Issuers
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| Country: | Spain
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| Region: | Europe, Middle East, Africa
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- Consorcio de Transportes de Bizkaia $400.00
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 ...
- Summary: Consorcio de Transportes de Bizkaia $175.00
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/--) ...
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MADRID (Standard&Poor's) June 19, 2008--Standard&Poor's Ratings Services said today that it has raised its long-term issuer credit rating on Consorcio de Transportes de Bizkaia (CTB), the Spanish city of Bilbao's public-transport authority, ...
- Research Update: Consorcio de Transportes de Bizkaia Upgraded To 'AA' After Bizkaia Upgrade; Outlook Stable $175.00
On June 19, 2008, Standard&Poor's Ratings Services raised its long-term issuer credit rating on Consorcio de Transportes de Bizkaia (CTB), the Spanish city of Bilbao's public-transport authority, to 'AA' from 'AA-'. At the same time, the 'A-1+' ...
- Consorcio de Transportes de Bizkaia $400.00
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 ...
- Summary: Consorcio de Transportes de Bizkaia $175.00
The ratings on Consorcio de Transportes de Bizkaia (CTB), the Spanish city of Bilbao's public-transport authority, primarily reflect the recent improvement in the credit quality of its government owners, the Autonomous Community of the Basque ...
- Consorcio de Transportes de Bizkaia Outlook To Positive On Owners' Improved Credit Quality $100.00
MADRID (Standard&Poor's) June 15, 2007--Standard&Poor's Ratings Services said today that it has revised its outlook to positive from stable on Consorcio de Transportes de Bizkaia (CTB), the Spanish city of Bilbao's public-transport authority. ...
- Research Update: Consorcio de Transportes de Bizkaia Outlook To Positive On Owners' Improved Credit Quality $175.00
On June 15, 2007, Standard&Poor's Ratings Services revised its outlook to positive from stable on Consorcio de Transportes de Bizkaia (CTB), the Spanish city of Bilbao's public-transport authority, primarily reflecting the recent improvement ...
