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S&P Credit Research1114 word report
published Jun 19, 2008
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Abstract: On June 19, 2008, Standard&Poor's Ratings Services 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 (AA+/Stable/A-1+). For more details on our upgrade of Bizkaia today, see our Research Update "Spain's Historical Territory of Bizkaia Upgraded To 'AA+'; 'A-1+' Affirmed; Outlook Stable" on RatingsDirect. The ratings on CTB reflect the credit quality of its two government owners, the Autonomous Community of the Basque Country (AAA/Stable/--)
Brief Excerpt: RESEARCH Ratings Definitions Research Update: Consorcio de Transportes de Bizkaia Upgraded To '##' After Bizkaia Upgrade; Outlook Stable Publication date: 19-Jun-2008 Primary Credit Analyst: Lorenzo Pareja, Madrid (34) 91-389-6962;...
Report Type: Research Update
Ticker: 1235Z@SMIssuer: Consorcio de Transportes de BizkaiaGICS: Railroads (20304010)Sector: Global Issuers, International Public Finance, TransportationCountry: SpainRegion: Europe, Middle East, AfricaFree Sample: Click
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S&P Credit ResearchS&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.
