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Report Card Published On World's Top 10 Economic Centers Nov 06
Standard & Poors, Nov 2006
Abstract
LONDON (Standard & Poor's) Nov. 2, 2006 - The world's top 10 economic centers all have investment-grade credit ratings, reflecting the importance of economic performance as a key factor when evaluating local government creditworthiness, according to a first-ever Report Card, 'The World's Top 10 Economic Centers,' published today by Standard & Poor's. A strong, dynamic, and diversified economy often correlates with robust and growing tax revenues with positive implications on a government's financial flexibility and budgetary performance, the report notes. Standard & Poor's selected the 'top 10' economic centers based on: -- the economic importance of the countries in which they are located (all of which are G8 members); -- their role as the major economic center(s) in their respective...
Companies mentioned in this report are: New York City,Chicago,Toronto (City of),Paris (City of),Milan (City of),Moscow (City of),Madrid (City of),City of Los Angeles, CA,Greater London Authority,Yokohama (City of)
Action: General Comment
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.
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