- Language: English
- Published: July 2012
- Region: Italy
Italian City of Rome 'AA-' Rating Affirmed; Outlook Negative On Debt And Operating Performance
- Published: December 2005
- Region: Italy
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
MILAN (Standard & Poor's) Dec. 19, 2005--Standard & Poor's Ratings Services said today that it has affirmed its 'AA-' long-term issuer credit rating on the City of Rome. The outlook remains negative. The rating is based on the city's wealthy service-based economy and strong liquidity position. It is constrained by persistently high investment needs in the area of transportation and urban mobility, and by the city's debt burden, which exceeds that of peers in the same rating category. The negative outlook is no longer solely a reflection of the negative outlook on the Republic of Italy (AA-/Negative/A-1+), but is evidence of a declining budgetary performance, mainly linked to rising discretionary spending that is not offset by current revenues. "Even if...
Companies mentioned in this report are: Rome (City of)
Action: Outlook: Negative
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Rome (City of)