Summary: Norges Statsbaner BA Jul 02

  • ID: 2044454
  • July 2002
  • Standard & Poors
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The ratings on rail service provider Norges Statsbaner AS (NSB) reflect the strong and proven support from the company's 100% owner, the Kingdom of Norway (AAA/Stable/A-1+) as NSB's plays a strategic role in the Norwegian transportation sector. This support fully offsets exposure to commercial risks in parts of NSB's operations, a weak financial and operational performance over the past few years, and investments required for the company's ongoing major rolling-stock upgrade program. NSB is the dominant supplier of rail transportation services in Norway. In addition, the company owns and operates the largest passenger bus company in the country, and has a valuable real-estate portfolio. About 20% of NSB's 2001 revenues, Norwegian krone (Nkr) 7.1 billion ($928 million), are derived from...

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

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Norges Statsbaner AS

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