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S&P Credit Research663 word report
published May 07, 2007
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S&P Credit Research
| Abstract: | 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 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," 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. 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
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| Brief Excerpt: | RESEARCH Ratings Definitions Societe des Transports Intercommunaux de Bruxelles Affirmed At '##/A-1+'; Outlook Stable Publication date: 07-May-2007 PARIS (Standard & Poor's) May 7, 2007--Standard & Poor's Ratings Services said today...
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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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