Research Update: City of Vasteras Outlook Revised To Positive Jun 07
Standard & Poors, June 2007
Abstract
On June 21, 2007, Standard & Poor's Ratings Services revised the outlook on the City of Vateras to positive from stable to reflect a strengthening of the Swedish institutional framework for local and regional governments (LRGs). At the same time the 'AA/A-1+' ratings were affirmed. The rating action (see "Swedish LRG Outlooks Revised To Positive On Stronger Institutional Framework", published on Ratings Direct on June 21, 2007) reflects a gradual strengthening of the institutional framework in recent years with the introduction of a balanced budget requirement and a far-reaching equalization system. As a result, the Swedish system is now one of the strongest in the world, in Standard & Poor's assessment. Moreover, the country's long track record of stability indicates...
Companies mentioned in this report are:
- Vasteras (City of)
- Sweden (Kingdom of)
Action: Affirmed
Action: Outlook: Positive
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
- Vasteras (City of)
- Sweden (Kingdom of)
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