Research Update: ONDD 'AA/A-1+' Ratings Affirmed Following Similar Action On Belgium; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: ONDD 'AA/A-1+' Ratings Affirmed Following Similar Action On Belgium; Outlook Negative

Research Update: ONDD 'AA/A-1+' Ratings Affirmed Following Similar Action On Belgium; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: ONDD 'AA/A-1+' Ratings Affirmed Following Similar Action On Belgium; Outlook Negative
Published Jan 31, 2013
Published Jan 31, 2013
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Abstract:

We affirmed our 'AA/A-1+' unsolicited long- and short-term sovereign credit ratings on the Kingdom of Belgium on Jan. 29, 2013. The ratings on Office National du Ducroire/Nationale Delcrederedienst (ONDD) are equalized with those on the Kingdom of Belgium, reflecting our opinion that there is an "almost certain" likelihood that ONDD would receive timely and sufficient extraordinary support from the Belgian government in case of need. We are affirming the 'AA/A-1+' ratings on ONDD. The negative outlook reflects that on the Kingdom of Belgium. On Jan. 31, 2013, Standard&Poor's Ratings Services affirmed the 'AA/A-1+' long- and short-term issuer credit ratings on Office National du Ducroire/Nationale Delcrederedienst (ONDD). The outlook is negative. The affirmation of ONDD reflects a similar action

  
Report Type:

Research Update

Issuer
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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MLA:
S&P Global Ratings’ Credit Research. "Research Update: ONDD 'AA/A-1+' Ratings Affirmed Following Similar Action On Belgium; Outlook Negative" Jan 31, 2013. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ONDD-AA-A-1-Ratings-Affirmed-Following-Similar-Action-On-Belgium-Outlook-Negative-1070792>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: ONDD 'AA/A-1+' Ratings Affirmed Following Similar Action On Belgium; Outlook Negative Jan 31, 2013. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ONDD-AA-A-1-Ratings-Affirmed-Following-Similar-Action-On-Belgium-Outlook-Negative-1070792>
  
US$ 225.00
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