Research Update: French Region of Limousin 'AA' Rating Affirmed On Good Budget Control; Outlook Stable May 13
- Language: English
- Published: May 2013
- Region: France
We consider that the Region of Limousin, France, has a moderate tax-supported debt burden. We believe that its tight rein on expenditures will partly offset impaired revenue dynamism resulting from changes to the fiscal framework. We are assigning our 'AA' rating to Limousin. The stable outlook reflects our belief that the region's tax-supported debt burden will remain moderate. PARIS (Standard & Poor's) May 2, 2011--Standard & Poor's Ratings Services said today that it has assigned its 'AA' long-term issuer credit rating to France's Region of Limousin. The outlook is stable. The rating reflects Limousin's tight rein over operating expenditure, moderate tax-supported debt, high operating margin in an international context, and prudent debt management. The rating also takes into account the...
Companies mentioned in this report are:
- Limousin (Region of)
Action: New Rating
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.