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S&P Credit Research620 word report
published Oct 01, 2007
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S&P Credit Research
| Abstract: | PARIS (Standard&Poor's) Oct. 1, 2007--Standard&Poor's Ratings Services said today that it revised its outlook to positive from stable on Société des Transports Intercommunaux de Bruxelles (STIB), the transport operator of the Region of Brussels-Capital (RBC; AA/Positive/--). At the same, the 'AA/A-1+' long- and short-term issuer credit ratings were affirmed. "The revision mirrors the outlook change announced earlier by Standard&Poor's on the Region of Brussels-Capital and acknowledges the strong financial support STIB receives from RBC," said Standard&Poor's credit analyst Bertrand de Dianous. "In particular, the region ensures STIB's financial balance through annual transfers, and formally guarantees STIB's long-term borrowings." For further details, see "Research Update: Region of Brussels-Capital Outlook To Positive On Improved
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| Brief Excerpt: | RESEARCH Ratings Definitions Societe des Transports Intercommunaux de Bruxelles Outlook To Pos; '##/A-1+' Ratings Affirmed Publication date: 01-Oct-2007 Primary Credit Analyst: Bertrand de Dianous, Paris (33) 1-4420-7371; bertrand_dedianous@standardandp...
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| Report Type: | Ratings Action
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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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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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