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S&P Credit Research6386 word report
published Sep 29, 2008
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S&P Credit Research
| Abstract: | Strong financial support from Region of Brussels-Capital Solid budgetary performance with improving cost-coverage ratio Moderate and decreasing debt Large investment program Relatively limited financial flexibility The ratings on Société des Transports Intercommunaux de Bruxelles (STIB), the transport operator for the Region of Brussels-Capital (RBC; AA/Positive/--), primarily reflect the strong institutional integration with and 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, which is why the ratings on STIB are equalized with those on RBC. 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
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| Brief Excerpt: | RESEARCH Ratings Definitions Societe des Transports Intercommunaux de Bruxelles Publication date: 29-Sep-2008 Primary Credit Analyst: Bertrand de Dianous, Paris (33) 1-4420-7371; bertrand_de_dianous@standardandpoors.com Secondary...
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| Report Type: | Full Report
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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.
Also from S&P Credit Research
- Summary: Societe des Transports Intercommunaux de Bruxelles $175.00
The ratings on Société des Transports Intercommunaux de Bruxelles (STIB), the transport operator for the Region of Brussels-Capital (RBC; AA/Positive/--), primarily reflect the strong institutional integration with and financial support STIB ...
- Summary: Societe des Transports Intercommunaux de Bruxelles $175.00
Standard&Poor's Ratings Services has affirmed its 'AA/A-1+' long- and short-term issuer credit ratings on Société des Transports Intercommunaux de Bruxelles (STIB), the transport operator for the Region of Brussels-Capital (RBC; AA/Positive/--). ...
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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 ...
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On Oct. 1, 2007, Standard&Poor's Ratings Services revised the 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 ...
- Societe des Transports Intercommunaux de Bruxelles $400.00
Strong financial support Solid budgetary performance Increasing ridership Moderate debt Large investment program Limited financial flexibility The ratings on Société des Transports Intercommunaux de Bruxelles (STIB), the transport operator ...
- Summary: Societe des Transports Intercommunaux de Bruxelles $175.00
The ratings on Société des Transports Intercommunaux de Bruxelles (STIB), the transport operator for the Region of Brussels-Capital (RBC; AA/Stable/--), primarily reflect the strong financial support STIB receives from RBC. In particular, the ...
- Societe des Transports Intercommunaux de Bruxelles Affirmed At 'AA/A-1+'; Outlook Stable $100.00
PARIS (Standard&Poor's) May 7, 2007--Standard&Poor's Ratings Services said today that it affirmed its 'AA/A-1+' long- and short-term issuer credit ratings on SociTtT des Transports Intercommunaux de Bruxelles (STIB), the transport operator ...
- Research Update: Societe des Transports Intercommunaux de Bruxelles Affirmed At 'AA/A-1+'; Outlook Stable $175.00
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; ...
