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Summary: Norges Statsbaner AS Jul 11 Product Image

Summary: Norges Statsbaner AS Jul 11

  • ID: 2043896
  • July 2011
  • Standard & Poors

Abstract
The 'AA-' rating on Norwegian national rail operator Norges Statsbaner AS (NSB) is based on the company's stand-alone credit profile (SACP), which Standard & Poor's Rating Services assesses at 'bbb+', and on our opinion that there is a "very high" likelihood that the Kingdom of Norway (AAA/Stable/A-1+), would provide timely and sufficient extraordinary support to NSB in the event of financial distress. In accordance with our criteria for government-related entities, our view of a "very high" likelihood of government support is based on our assessment of NSB's: "Very important" role as Norway's sole nationwide public transportation provider. As a result, NSB plays a very important role in meeting key government economic, social, and political objectives. In our view, NSB benefits...

Companies mentioned in this report are: Norges Statsbaner AS
Action: Review

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