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Research Update: Region of Ile-de-France Long-Term Rating Lowered To 'AA+' Following Similar Action On France; Outlook Negative Jan 12 Product Image

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

FEATURED COMPANIES

  • Ile-de-France (Region of)
  • MORE

Abstract
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: Downgraded
Action: Outlook: Negative
Action: Removed From CreditWatch

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- Ile-de-France (Region of)

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