Using its
GRE rating criteria, Fitch views Cassa Depositi e Prestiti, Poste Italiane, Cassa Del Trentino, Trentino Trasporti and Trentino Sviluppo as credit-linked to their sponsors.
With the LSAT, Patton said, "You're just hunched over this desk for hours on end, and the
GRE, I don't remember it being that grueling." Patton is now a first-year law student at Widener University Commonwealth Law in Susquehanna Township.
"In our view, these large issues may have acted to constrain somewhat issues by both
GREs and private corporations and projects.
Gazprom will supply 330 million cubic meters of natural gas to Jambyl
GRES power plant at $165 for 1,000 cbm.
The second exemption is for
GREs that are rated 'BBB-' and above, are profitable, and can service their debt obligations from their own resources without a need for any implicit or explicit government support.
"The limitation on banks' exposure to
GREs and local governments is expected to be watered down considerably from the measure originally proposed in 2012 following a public outcry from large banks when the measures were first announced."
It said the upgrade was due to its new status as a
GRE, saying it saw the bank as has having a "very important" role in the local economy.
"Exceptional support to Dubai, banks and
GREs in 2009 had led to a near quadrupling of the Abu Dhabi government fiscal oil breakeven price from $33 a barrel at the eve of the global financial crisis in 2007 to a peak of $121 per barrel in 2009."
which (45%) will be spent on executing projects on upgrading equipment at Reftinskaya
GRES and Sredneuralskaya
GRES.
We have received several questions from investors and market participants about the likelihood of government support and how we factor it into our ratings on these
GREs. Here, we answer those questions.
In addition, improvements in
GRE finances will be key to the long-term financial health of the emirate, and their repayment of the DFSF as planned is necessary to avoid the otherwise unaffordable spike in government repayments in 2014.
This has led to a downward reassessment of our view of the propensity of the government of Dubai to support its
GREs, resulting in multiple-notch downgrades on several rated
GREs, in accordance with our enhanced criteria for rating
GREs.