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French Region of Limousin Rated 'AA' On Moderate Debt And Tight Rein Over Operating Expenditure; Outlook Stable May 11 Product Image

French Region of Limousin Rated 'AA' On Moderate Debt And Tight Rein Over Operating Expenditure; Outlook Stable May 11

  • ID: 1724143
  • May 2011
  • Region: France
  • Standard & Poors

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

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.

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