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Hesse (State of) Sep 02 Product Image

Hesse (State of) Sep 02

  • ID: 1789186
  • September 2002
  • Standard & Poors

Abstract
The ratings on the State of Hesse are supported by: Hesse's high level of wealth, as GDP per capita is the third highest among the 16 German states and stands 37% above the EU-15 average; Economic growth rates that are high by German standards, amounting to 2.2% on average over the past five years, although they have declined recently owing to the economic slowdown throughout Germany; The structure of Hesse's regional economy, which is dominated by its strong service sector, contributing 37% to the state's value-added in 2001; One of the highest per capita tax revenues among German states, making Hesse the largest contributor into the interstate equalization pool; Budgetary performance that--although weakening recently--has been generally sound over the past...

Companies mentioned in this report are:
- Hesse (State of)
- Landesbank Hessen-Thueringen Girozentrale
- Helaba Finance B.V. Amsterdam
- Helaba International Finance PLC, Dublin
- Helaba Dublin Landesbank Hessen-Thueringen International

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.

Research Type: Full Analysis

Note: Product cover images may vary from those shown

- Hesse (State of)
- Landesbank Hessen-Thueringen Girozentrale
- Helaba Finance B.V. Amsterdam
- Helaba International Finance PLC, Dublin
- Helaba Dublin Landesbank Hessen-Thueringen International

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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