Summary: Jonkoping (Municipality of) Feb 01

Standard & Poors, February 2001

Abstract
The ratings on the Municipality of Jönköping?-the 10th-largest municipality in Sweden (local currency AAA/Stable/A-1+; foreign currency AA+/Positive/A-1+) situated 150 km east of Gothenburg (AA/Stable/A-1+)--reflect its stable, diversified local economy, adequate financial performance, and low direct debt levels. The ratings, however, also take into account the considerable size of the housing company, Vätterhem AB, relative to the size of the city budget as reflected in public-sector debt. Jönköping's economy is relatively well-diversified, with a substantial number of small and midsize companies and no dependence on one single private-sector employer. The unemployment rate (2.5% in November 2000) continued to fall in 2000, and is below the national rate of 2.8%. Increased activity in trade and logistics and the continued expansion of the...

Companies mentioned in this report are:
- Municipality of Jonkoping
- Sweden (Kingdom of)
- Goteborg (City of)

Action: Review

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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.

- Municipality of Jonkoping
- Sweden (Kingdom of)
- Goteborg (City of)

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