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Brussels' Transport Agency STIB 'AA' Rating Placed On CreditWatch Negative After Similar Action On Brussels-Capital Dec 11
Standard & Poors, Dec 2011
Abstract
Standard & Poor's placed its long-term unsolicited sovereign rating on the Kingdom of Belgium on CreditWatch with negative implications on Dec. 5, 2011. As a direct result, we placed our long-term issuer credit rating on the Region of Brussels-Capital (RBC) on CreditWatch negative on Dec. 7, 2011. In line with our criteria for rating government-related entities, our long-term rating on Belgian transport agency Soci-t- des Transports Intercommunaux de Bruxelles (STIB) is equalized with that on RBC, its supporting entity. We are therefore placing our 'AA' long-term rating on STIB on CreditWatch negative, and affirming our 'A-1+' short-term rating. We expect to resolve the negative CreditWatch on STIB following the resolution of the CreditWatch on RBC. PARIS (Standard & Poor's) Dec....
Companies mentioned in this report are: Societe des Transports Intercommunaux de Bruxelles
Action: Affirmed
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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