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Balkan LRGs Face Sizable Infrastructure Needs And Tough Debt Restrictions, Says Report May 06
Standard & Poors, May 2006
Abstract
LONDON (Standard & Poor's) May 24, 2006 --Despite generally positive prospects, local and regional governments (LRGs) in the Balkan states of Bulgaria, Croatia, and Romania face constraints on their credit quality. These constraints, which center mainly on infrastructure and debt restrictions, are outlined in a report titled 'LRGs In The Balkans Face Sizable Infrastructure Needs And Tough Debt Restrictions,' published by Standard & Poor's Ratings Services earlier today. 'The ability of Balkan LRGs to address infrastructure and public services needs without jeopardizing their financial stability will be crucial to their creditworthiness in the medium-to-long term,' said Standard & Poor's credit analyst Elena Okorotchenko. The article forms part of the first edition of Standard & Poor's 'Sovereign And Public Finance Ratings...
Companies mentioned in this report are: Sofia (City of),Zagreb (City of),Bucharest (City of),Plovdiv (City of),Stara Zagora (City of),Varna (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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