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Agence Fran?aise de D?veloppement Ratings Affirmed At 'AAA/A-1+'; Outlook Stable Jul 07
Standard & Poors, July 2007
Abstract
PARIS (Standard & Poor's) July 10, 2007--Standard & Poor's Ratings Services said today that it has affirmed its 'AAA' long-term and 'A-1+' short-term issuer credit ratings on Agence Fran-aise de D-veloppement (AFD), the principal instrument for French bilateral aid and concessionary lending to developing countries and to French overseas territories. The outlook is stable. The ratings on AFD reflect its legally mandated place in the official development assistance (ODA) machinery of the French state, an activity that cannot be undertaken on a commercial basis. The ratings also reflect the French state's strong financial and operational involvement with and monitoring of AFD as well as the ultimate statutory guarantee of the Republic of France (AAA/Stable/A-1+) on all of AFD's financial obligations...
Companies mentioned in this report are: Agence Francaise de Developpement
Action: Affirmed
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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