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Belgium's Unsolicited 'AA' Rating Placed On CreditWatch Negative Dec 11
Standard & Poors, Dec 2011
Abstract
Standard & Poor's is placing its 'AA' long-term unsolicited sovereign credit rating on the Kingdom of Belgium on CreditWatch with negative implications. At the same time, we affirmed the 'A-1+' short-term rating. The CreditWatch placement is prompted by our concerns about the potential impact on Belgium of what we view as deepening political, financial, and monetary problems within the European Economic and Monetary Union. Our CreditWatch review will focus on the 'political' and 'monetary' scores we have assigned to Belgium in accordance with our criteria. We expect to conclude our review as soon as possible after the European summit on Dec. 9, 2011 LONDON (Standard & Poor's) Dec. 5, 2011--Standard & Poor's Ratings Services today placed its 'AA' unsolicited sovereign...
Companies mentioned in this report are: Belgium (Kingdom of) (Unsolicited Ratings),Fonds de l'Infrastructure Ferroviaire
Action: On CreditWatch:Negative
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.
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