Spain's Metropolitano de Tenerife, S.A. Assigned 'A/A-1' Ratings; Outlook Stable

We consider Metropolitano de Tenerife, S.A. (MTSA) to be a government-related entity of the Cabildo de Tenerife (local government). We think that there is an almost certain likelihood that MTSA would receive extraordinary government support from Cabildo de Tenerife, if needed, given the company's critical role and integral link with its government owner. We are assigning our 'A/A-1' long- and short-term issuer credits ratings to MTSA. The outlook is stable. MADRID (S&P Global Ratings) Nov. 4, 2019--S&P Global Ratings today assigned its 'A/A-1' long- and short-term ratings to Spain's Metropolitano de Tenerife, S.A. (MTSA). The outlook is stable. MTSA is a public transport company that operates the tramlines in the metropolitan area of Tenerife, which is located in the Autonomous

...November 4, 2019 - We consider Metropolitano de Tenerife, S.A. (MTSA) to be a government-related entity of the Cabildo de Tenerife (local government). - We think that there is an almost certain likelihood that MTSA would receive extraordinary government support from Cabildo de Tenerife, if needed, given the company's critical role and integral link with its government owner. - We are assigning our 'A/A-1' long- and short-term issuer credits ratings to MTSA. - The outlook is stable. MADRID (S&P Global Ratings) Nov. 4, 2019--S&P Global Ratings today assigned its 'A/A-1' long- and short-term ratings to Spain's Metropolitano de Tenerife, S.A. (MTSA). The outlook is stable. MTSA is a public transport company that operates the tramlines in the metropolitan area of Tenerife, which is located in the Autonomous Community of the Canary Islands (A/Stable/--). MTSA is fully owned by the Cabildo de Tenerife, the local government of the island of Tenerife. We consider MTSA to be a government-related...

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