Fitch rates Societe du Grand-Paris AA

Fitch Ratings said it assigned Societe du Grand-Paris long-term issuer local and foreign currency default ratings of AA with a stable outlook and a short-term foreign currency issuer default rating of F1+.

The agency said it classifies Societe du Grand-Paris as a government-related entity of the French state (AA/stable/F1+) and equalizes the ratings with those of the sovereign.

Fitch said Societe du Grand-Paris is very strongly linked to the French state and the latter has a strong incentive to support Societe du Grand-Paris.

The agency said it believes that the French state would provide Societe du Grand-Paris with timely extraordinary support in case of need.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.