Credit FAQ: What's Behind Standard & Poor's Rating Actions On The Region Of Ile-De-France And The City Of Paris Jan 12

  • ID: 2049827
  • January 2012
  • Standard & Poors
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  • Ile-de-France (Region of)
  • Paris (City of)
  • MORE

On Jan. 30, 2012, Standard & Poor's Ratings Services lowered to 'AA+' from 'AAA' its long-term issuer credit ratings on the Region of Ile-de-France (AA+/Negative/A-1+) and the City of Paris (AA+/Negative/A-1+) following a similar action on the Republic of France (AA+/Negative/A-1+, unsolicited ratings). At the same time, we removed the ratings on the region and the city from CreditWatch with negative implications, where we placed them on Dec. 7, 2011. The outlooks are negative. We address below the most frequently asked questions regarding these rating actions. Of the 19 French LRGs that we rate, only the ones affected were the region of Ile-de-France and the city of Paris. That's because they were the only ones with an 'AAA' long-term issuer...

Companies mentioned in this report are:
- Paris (City of)
- Ile-de-France (Region of)

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.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Paris (City of)
- Ile-de-France (Region of)

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown


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