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Agence Francaise de Developpement (AFD) Ratings Affirmed At 'AAA/A-1+' Jun 06
Standard & Poors, June 2006
Abstract
PARIS (Standard & Poor's) June 12, 2006--Standard & Poor's Ratings Services said today that it affirmed its 'AAA/A-1+' long- and 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 ratings reflect our expectation that the French state will sustain its strong financial and operational involvement with, and monitoring of, AFD, in line with France's increased efforts in official development assistance,' said Standard & Poor's credit analyst Nicolas Rivi-re. The entity's key public policy role in official development assistance (ODA) earns it strong implicit support from the French state. The ratings also reflect the ultimate...
Companies mentioned in this report are: Agence Francaise de Developpement
Action: Affirmed
Action: Outlook: Stable
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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