• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Research Update: French Region of Limousin Rated 'AA' On Moderate Debt And Tight Rein Over Operating Expenditure; Outlook Stable May 11 Product Image

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

  • ID: 1724144
  • 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. On May 2, 2011, Standard & Poor's Ratings Services 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 region's capital expenditure flexibility and low contingent...

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 READ MORE >

Note: Product cover images may vary from those shown

- Limousin (Region of)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS