• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: French Region of Champagne-Ardenne 'AA-/A-1+' Ratings Affirmed On Tighter Expenditure Control; Outlook Stable Jun 11 Product Image

Research Update: French Region of Champagne-Ardenne 'AA-/A-1+' Ratings Affirmed On Tighter Expenditure Control; Outlook Stable Jun 11

  • Published: June 2011
  • Region: France
  • Standard & Poors

Abstract
The French Region of Champagne-Ardenne will likely adjust its capital expenditure program as of this year, in our view. We believe that it will post a deficit after capital accounts below 3% of total revenues until 2014. We are affirming our 'AA-/A-1+' long- and short-term ratings on Champagne-Ardenne. The stable outlook reflects our belief that the region's tax-supported debt burden will remain moderate between now and 2014. On June 17, 2011, Standard & Poor's Ratings Services affirmed its 'AA-' long-term and 'A-1+' short-term issuer credit ratings on France's Region of Champagne-Ardenne. The outlook is stable. The ratings reflect our view of Champagne-Ardenne's moderate tax-supported debt and prudent debt management. They also take into account its important capital expenditure flexibility and...

Companies mentioned in this report are:
- Champagne-Ardenne (Region of)

Action: Affirmed
Action: Outlook: Stable

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 READ MORE >

- Champagne-Ardenne (Region of)

Note: Product cover images may vary from those shown

RELATED PRODUCTS