| Title: | Research Update: Consorcio de Transportes de Bizkaia Upgraded To 'AA' After Bizkaia Upgrade; Outlook Stable |
| Price: | $175.00 |
| Publication Date: | Jun 19, 2008 |
| Report Type: | Research Update |
| 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: ##-Jun-#### Primary Credit Analyst: Lorenzo Pareja, Madrid (##) ##-###-####;... |
| Word Count: | 1114 |
| 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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