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Agence Francaise de Developpement 'AAA/A-1+' Ratings Affirmed; Outlook Stable Sep 02
Standard & Poors, Sep 2002
Abstract
PARIS (Standard & Poor's) Sept. 4, 2002--Standard & Poor's Ratings Services said today that it has affirmed its triple-'A' long-term and 'A-1'-plus 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 departments and territories. The outlook is stable. 'The affirmation is based on Standard & Poor's expectation that the French government will maintain its strong involvement with AFD, while the ratings reflect the ultimate statutory guarantee of the Republic of France (AAA/Stable/A-1+) on all of AFD's obligations,' said Standard & Poor's credit analyst Alexandre de Lestrange. AFD is an 'Etablissement Public Industriel et Commercial' (a public industrial and commercial organization) and has...
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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