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Belgian Region of Brussels-Capital 'AA' Rating Affirmed; Outlook Remains Negative On Refinancing Package Uncertainty
Standard & Poors, March 2011
Abstract
We estimate that the operating margin of the Belgian Region of Brussels-Capital (RBC) improved in 2010. We believe that RBC is likely to continue to accumulate debt over the next two years. We are affirming our 'AA' rating on Brussels-Capital. The negative outlook reflects the possibility that the region's refinancing package could be further delayed or smaller than expected. PARIS (Standard & Poor's) March 21, 2011--Standard & Poor's Ratings Services said today that it has affirmed its 'AA' long-term issuer credit rating on the Belgian Region of Brussels-Capital (RBC). The outlook is negative. 'The rating reflects RBC's good operating performance, sophisticated financial management, and comfortable access to cash,' said Standard & Poor's credit analyst Bertrand de Dianous. Tempering factors are
Article Type:NEWS,RATING_ACTION
Companies mentioned in this report are: Brussels-Capital (Region of)
Action: Affirmed
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