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French Region of Champagne-Ardenne's €30 Million Bond Assigned 'AA' Rating Oct 02 Product Image

French Region of Champagne-Ardenne's €30 Million Bond Assigned 'AA' Rating Oct 02

  • ID: 2085367
  • October 2002
  • Region: France
  • Standard & Poors

Abstract
PARIS (Standard & Poor's) Oct. 23, 2002--Standard & Poor's Ratings Services said today that it assigned its double-'A' long-term senior unsecured debt rating to the €30 million bond issued by the Region of Champagne-Ardenne in France. The proceeds of the bond will be used to finance the region's capital investment plan, which includes a program for the renovation of rolling stock, following the transfer of responsibility for regional railways to French regions in January 2002. This is the second bond issued by the Champagne-Ardenne region. "The rating assigned to the bond reflects the region's robust operating performance, tight budgetary discipline, and good expenditure flexibility, as well as its modest debt burden compared with other rated European regions," said Standard &...

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

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- Champagne-Ardenne (Region of)

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

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