| Abstract: | 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 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 and network extension in the near future. The region has created a new investment vehicle, CITEO, for that very purpose. CITEO will
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Societe des Transports Intercommunaux de Bruxelles Publication date: 21-May-2007 Credit Rating: ##/Stable/A-1+ Rationale The ratings on Societe des Transports Intercommunaux de Bruxelles (STIB),...
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| Report Type: | Summary
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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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