French Department of Essonne's Two Proposed Bonds Assigned 'AA' Rating Jul 09
Standard & Poors, July 2009
Abstract
PARIS (Standard & Poor's) July 7, 2009--Standard & Poor's Ratings Services said today that it has assigned its 'AA' long-term senior unsecured debt rating to the proposed -25 million bond and Hong Kong dollar (HK$)300 million bond maturing in 2019 to be issued by the French Department of Essonne (AA/Stable/--) under its new -1 billion Euro medium-term note program. "The rating on the issues is the same as the issuer credit rating, which reflects Essonne's strong and diversified economy, its important tax flexibility and significant expenditure flexibility, and the quality of its financial and budgetary management," said Standard & Poor's credit analyst Nicolas Rivi-re....
Companies mentioned in this report are: Essonne (Department of)
Action: New Rating
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Essonne (Department of)
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