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FRANCE: MOODY'S ASSIGNS AA1 ISSUER RATING TO CITY OF VILLEURBANNE.

Publication: IPR Strategic Business Information Database
Publication Date: 31-AUG-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Moody's Investors Service has today assigned an Aa1 issuer rating, with stable outlook, to the French City of Villeurbanne based mainly on the municipality's strong residential attractiveness, its excellent financial fundamentals in the form of large operating balances -- resulting in strong self-funding capacity, repeated early debt repayments, and the accumulation of reserves carried forward -- and very low debt burden. Villeurbanne's strong creditworthiness primarily reflects the demographic growth and...

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