Research Update: Region of Ile-de-France Long-Term Rating Lowered To 'AA+' Following Similar Action On France; Outlook Negative Jan 12
- ID: 2047230
- January 2012
- Region: France
- Standard & Poors
Standard & Poor's lowered its unsolicited long-term sovereign credit rating on the Republic of France to 'AA+' from 'AAA' on Jan. 13, 2012. Under our methodology for rating local and regional governments (LRGs) and their related sovereigns, we cap the rating on Ile-de-France based on the long-term rating on France. Consequently, we are lowering our long-term issuer credit rating on Ile-de-France to 'AA+' from 'AAA' and removing it from CreditWatch negative. We are also affirming our 'A-1+' short-term rating on Ile-de-France. The negative outlook reflects that on France. On Jan. 30, 2012, Standard & Poor's Ratings Services lowered to its long-term issuer credit rating on the Region of Ile-de-France to 'AA+' from 'AAA'. At the same time, we removed the...
Companies mentioned in this report are:
- Ile-de-France (Region of)
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.
Product Type: Research Update
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