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Brussels' Transport Agency STIB 'AA' Rating Affirmed After Similar Action On Brussels-Capital; Outlook Negative Jan 12
Standard & Poors, Jan 2012
Abstract
We affirmed our 'AA' long-term unsolicited sovereign credit rating on the Kingdom of Belgium on Jan. 13, 2012. As a direct result, we affirmed our 'AA' long-term issuer credit rating on the Region of Brussels-Capital (RBC). 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 affirming our 'AA/A-1+' long- and short-term ratings on STIB, and removing the long-term rating from CreditWatch with negative implications, where it was placed on Dec. 9, 2011. The negative outlook reflects that on RBC. PARIS (Standard & Poor's) Jan. 20, 2012--Standard & Poor's Ratings Services said today that it...
Companies mentioned in this report are: Societe des Transports Intercommunaux de Bruxelles
Action: Affirmed
Action: Outlook: Negative
Action: Removed From CreditWatch
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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