| Title: | Consorcio de Transportes de Bizkaia Upgraded To 'AA' After Bizkaia Upgrade; Outlook Stable |
| Price: | $100.00 |
| Publication Date: | Jun 19, 2008 |
| Report Type: | News |
| Abstract: | MADRID (Standard&Poor's) June 19, 2008--Standard&Poor's Ratings Services said today that it has raised its long-term issuer credit rating on Consorcio de Transportes de Bizkaia (CTB), the Spanish city of Bilbao's public-transport authority, to 'AA' from 'AA-'. At the same time, the 'A-1+' short-term issuer credit rating was affirmed. The outlook is stable. "The upgrade primarily reflects the recent improvement in the credit quality of one of CTB's government owners, the Historical Territory of Bizkaia, to AA+/Stable/A-1+," said Standard&Poor's credit analyst Lorenzo Pareja. The ratings on CTB reflect the credit quality of its two government owners, the Autonomous Community of the Basque Country (AAA/Stable/--) and the Historical Territory of Bizkaia, as well as these owners' |
| Brief Excerpt: | RESEARCH Ratings Definitions Consorcio de Transportes de Bizkaia Upgraded To '##' After Bizkaia Upgrade; Outlook Stable Publication date: ##-Jun-#### Primary Credit Analyst: Lorenzo Pareja, Madrid (##) ##-###-####; lorenzo_pareja@standardandpoors.com... |
| Word Count: | 922 |
| Ticker: | 1235Z@SM |
| Issuer: | Consorcio de Transportes de Bizkaia |
| GICS: | Railroads (20304010) |
| Sector: | Global Issuers, International Public Finance, Transportation |
| Country: | Spain |
| Region: | Europe, Middle East, Africa |
| Format: | 
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