City of Paris Long-Term Rating Lowered To 'AA+' Following Similar Action On France; Outlook Negative Jan 12
- Language: English
- Published: January 2012
- Region: France
PARIS (Standard & Poor's) Nov. 13, 2006--Standard & Poor's Ratings Services said today that it assigned its 'AAA' long-term senior unsecured debt rating to a proposed ?100 million bond maturing in 2014 to be issued by the French City of Paris (AAA/Stable/--) under the city's EMTN program. "The rating on the issue is the same as the issuer credit rating, which reflects the French capital's very wealthy economy, robust financial performance, and highly competent management," said Standard & Poor's credit analyst Nicolas Rivière. The rating also factors in the city's flexibility and commitment to absorbing the acceleration of its large capital investment program in the next few years, while maintaining its currently low debt burden at a level compatible with...
Companies mentioned in this report are:
- Paris (City of)
Action: New Rating
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Research type: News
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