Fitch Affirms French Department of La Manche at 'AA-'; Outlook Stable

(The following statement was released by the rating agency)

PARIS, May 27 (Fitch) Fitch Ratings has affirmed the French

Department of La

Manche's Long-Term Foreign and Local Currency Issuer Default

Ratings (IDR) at

'AA-' and Short-Term Foreign Currency IDR at 'F1+'. The Outlook

is Stable.

The affirmation reflects La Manche's sound budgetary

performance, despite a

slight expected weakening in 2016, and moderate debt. The Stable

Outlook

reflects our expectations that the department will conta

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