| Abstract: | On May 7, 2007, Standard&Poor's Ratings Services affirmed its 'AA/A-1+' long- and short-term issuer credit ratings on SociTtT des Transports Intercommunaux de Bruxelles (STIB), the transport operator for the Region of Brussels-Capital (RBC; AA/Stable/--). The outlook is stable. The ratings primarily reflect the strong financial support STIB receives from RBC. In particular, the region ensures STIB's financial balance through annual transfers, and formally guarantees STIB's long-term borrowings. The ratings take into consideration STIB's sound financial performance and relatively moderate debt burden, reflecting the fact that STIB does not bear the costs related to heavy infrastructure projects or network extensions, which the region assumes directly. STIB's planned ridership growth will, however, call for massive investment in new rolling stock
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Societe des Transports Intercommunaux de Bruxelles Affirmed At '##/A-1+'; Outlook Stable Publication date: 07-May-2007 Rationale On May 7, 2007, Standard & Poor's Ratings Services affirmed...
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| Report Type: | Research Update
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| Issuer: | Societe des Transports Intercommunaux de Bruxelles
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| GICS: | Railroads (20304010)
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| Sector: | Global Issuers, International Public Finance, Transportation
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| Country: | Belgium
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| Region: | Europe, Middle East, Africa
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| Free Sample: |
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| Format: | | HTML |  |
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