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France's La R?union Upgraded To 'A' On Solid Budget Performance; Outlook Stable; Rating Withdrawn At Issuer's Request
Standard & Poors, May 2011
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.
Based on the data that we currently have, we expect the French overseas Region of La R-union to continue to show a solid budgetary performance for the duration of the legislature until 2014's new elections. We are raising the rating to 'A' from 'A-'. We are withdrawing the rating on La R-union at the issuer's request. PARIS (Standard & Poor's) May 3, 2011--Standard & Poor's Ratings Services said today that it has raised its long-term issuer credit rating on the French overseas Region of La R-union to 'A' from 'A-'. We subsequently withdrew the rating at the issuer's request. The outlook was stable at the time of the withdrawal. At the time of the withdrawal, the rating reflected our base...
Companies mentioned in this report are: La Reunion (Region of)
Action: Outlook: Stable
La Reunion (Region of)