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Summary: European Atomic Energy Community Oct 03
Standard & Poors, October 2003
The European Atomic Energy Community (EURATOM) is one of the EU's two remaining supranational entities, the other being the European Community (EC; foreign currency AAA/Stable/A-1+). The treaty establishing a third, the European Coal & Steel Community (ECSC; foreign currency AAA/Stable/--), expired on July 23, 2002. The ratings on EURATOM reflect: strong membership support; prudent statutory and budget controls; and its ultimate access (via the EC's budget) to member states' resources, if necessary, to meet its obligations. EURATOM was established as a supranational entity in 1957 by the Treaty of Rome, which also led to the inception of the EC. In contrast to the ECSC Treaty, the EURATOM Treaty is of unlimited duration. EURATOM, like the EC, is a legally autonomous...
Companies mentioned in this report are: European Atomic Energy Community
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
European Atomic Energy Community