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

Standard & Poors, June 2011

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. PARIS (Standard & Poor's) June 17, 2011--Standard & Poor's Ratings Services today said it 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...

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

Action: Affirmed
Action: Outlook: Stable

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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.

- Champagne-Ardenne (Region of)

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