France

S&P affirms ratings of Paris France AA+; outlook negative- are affirming our long-term issuer credit rating on Paris at ‘AA+’. We are also affirming our ‘A-1+’ short-term rating on Paris. – The affirmation reflects our view of the “predictable and well-balanced” institutional framework for French local and regional governments (LRGs), the city’s very wealthy economy, “very positive” management with conservative financial guidelines, and “very positive” liquidity position. The city’s very high potential for raising both operating and capital revenues is also an important rating strength.