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2002 A Relatively Calm Year for International Sub-Sovereign Credit Quality Jun 02
Standard & Poors, June 2002
Abstract
NEW YORK (Standard & Poor's) June 4, 2002--Following a year of hectic ratings activity among international local and regional government (ILRG) entities, this year promises to yield greater stability, Standard & Poor's said today. Even though the outlook for global economic growth is on the mend, many regional and local governments remain focused on consolidating their finances and maintaining prudent bottom lines. 'Plans for increased capital expenditure are likely to be placed on hold until the global economic recovery takes root more firmly and revenue trends show visible gains. As a result, both the number of upgrades and downgrades should decelerate in comparison with last year,' said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. Still, areas...
Companies mentioned in this report are: Canada,Sweden (Kingdom of),France (Republic of) (Unsolicited Ratings),Germany (Federal Republic of) (Unsolicited Ratings),Italy (Republic of) (Unsolicited Ratings),Turkey (Republic of),Tasmania (State of),Seine-et-Marne (Department of),Norrkoping (Municipality of),Argentina (Republic of) (Unsolicited Ratings),Lorraine (Region of),Poland (Republic of),Russian Federation,Buenos Aires (City of),Daegu Metropolitan City Government,Andalusia (Autonomous Community of),Emilia-Romagna (Region of)
Action: S&P Event
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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