|
|
 |
|
Viewing report
|
|
|
|
Summary: Hesse (State of) Jul 10
Standard & Poors, July 2010
Abstract
The ratings on the German State of Hesse reflect the state's wealthy economy, the stable and very predictable system of intergovernmental relations in Germany, and the state's donor position in the German fiscal equalization system. The ratings are constrained by Hesse's weakening budgetary performance, low fiscal flexibility, and its rising debt trend. The ratings on Hesse profit from its very wealthy economy, one of the wealthiest among German states--and well above average EU-27 levels. In addition, Standard & Poor's Ratings Services' ratings on German states profit from what we consider to be very strong system support due to the stable and predictable intergovernmental fiscal system. During the global economic recession in 2009, Hesse's real economy shrank by 4.3%, less than...
Companies mentioned in this report are: Hesse (State of),Landesbank Hessen-Thueringen Girozentrale
Action: Review
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
|
|
|
|
