Summary: Societe des Transports Intercommunaux de Bruxelles - 2008/09/16 - S&P Credit Research

Report title: Summary: Societe des Transports Intercommunaux de Bruxelles

from S&P Credit Research
921 word report published Sep 16, 2008

Price $175.00 available for immediate download

Report Overview

Search Inside

About S&P Credit Research

Abstract:

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/--). The outlook is positive. The ratings on STIB primarily reflect the strong institutional integration with and financial support it 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. Planned strong ridership growth calls for massive investments in new rolling

Brief Excerpt:

RESEARCH Ratings Definitions Summary: Societe des Transports Intercommunaux de Bruxelles Publication date: 16-Sep-2008 Primary Credit Analyst: Bertrand de Dianous, Paris (33) 1-4420-7371; bertrand_de_dianous@standardandpoors.com Secondary...

Report Type:

Summary

Issuer:

Societe des Transports Intercommunaux de Bruxelles

GICS:

Railroads (20304010)

Sector:

Global Issuers, International Public Finance, Transportation

Country:

Belgium

Region:

Europe, Middle East, Africa

Free Sample:

Click Here to Download

Format:

HTML

Enter the keyword(s) which you would like to search for within this document and click "Search"

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

Societe des Transports Intercommunaux de Bruxelles $400.00
Almost certain likelihood that government owner Region of Brussels-Capital would provide timely and sufficient support to STIB in the event of financial stress. Integral link with and critical role for the region. Solid budgetary performance ...
Summary: Societe des Transports Intercommunaux de Bruxelles $175.00
The 'AA' rating on Belgian public transport operator Société des Transports Intercommunaux de Bruxelles (STIB) is based on an equalization with the long-term rating on its government owner, the Region of Brussels-Capital (RBC; AA/Stable/--). ...
Transport Operator STIB Outlook To Stable After Same Action On Belgian Region of Brussels-Capital; 'AA/A-1+' Affirmed $100.00
The budgetary performance and debt position of the Belgian Region of Brussels-Capital (RBC) is deteriorating. We have revised the outlook on RBC to stable from positive. Since the outlook on Societe des Transports Intercommunaux de Bruxelles ...
Research Update: Transport Operator STIB Outlook To Stable After Same Action On Belgian Region of Brussels-Capital; 'AA/A-1+' Affirmed $175.00
The budgetary performance and debt position of the Belgian Region of Brussels-Capital (RBC) is deteriorating. We have revised the outlook on RBC to stable from positive. Since the outlook on Societe des Transports Intercommunaux de Bruxelles ...
Societe des Transports Intercommunaux de Bruxelles $400.00
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 ...
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 ...
Société des Transports Intercommunaux de Bruxelles Outlook To Pos; 'AA/A-1+' Ratings Affirmed $100.00
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 ...
Research Update: Société des Transports Intercommunaux de Bruxelles Outlook To Pos; 'AA/A-1+' Ratings Affirmed $175.00
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 ...

Price: $175.00

Free Sample

Questions about
this research?

Send page to a friend

Return to
Search Results

Get FREE Research

Can't Decide?

Purchasing premium research sight unseen can be intimidating. We want you to know what you are getting. Visit our FAQ or ask our Customer Service Team any questions about the report you are considering purchasing.