• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Champagne-Ardenne (Region of) Jul 11 Product Image

Champagne-Ardenne (Region of) Jul 11

  • Published: July 2011
  • Standard & Poors

Abstract
Moderate deficit after capital accounts until 2014. Moderate tax-supported debt and prudent debt management. Important capital expenditure flexibility. Low contingent liabilities. Very poor dynamism of operating revenues. Expected deterioration of operating margin. The ratings on the Region of Champagne-Ardenne reflect Standard & Poor's view of its moderate tax-supported debt and prudent debt management. They also take into account its high capital expenditure flexibility and low contingent liabilities. The ratings are constrained by the region's revenue flexibility, which we consider as limited, and by our expectation that Champagne-Ardenne will post poor operating revenue growth until 2014. In 2010, Champagne-Ardenne's operating margin fell to 18% of operating revenues, from 20% in 2010. This mainly stemmed from increased expenses related to its transport...

Companies mentioned in this report are:
- Champagne-Ardenne (Region of)

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

- Champagne-Ardenne (Region of)

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS