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Bavaria (State of) Oct 01
Standard & Poors, Oct 2001
Abstract
The ratings on the State of Bavaria reflect its excellent budgetary performance and its strong economic profile. Bavaria's per capita GDP stands at 116% of the German average, making it one of the wealthiest regions in Germany and worldwide. Bavaria's economic structure has a solid service base, a strong and diversified industrial base, and an excellent level of infrastructure. In 2000, Bavaria continued to post above-average economic growth rates. Bavarian GDP grew by an outstanding 4.3%, which was the highest growth rate of all German states. Unemployment rates have traditionally been among the lowest in Germany and fell to 5.5% in 2000, which compared favorably with the western German average of 7.8%. Bavaria's strong financial performance improved further in 2000,...
Companies mentioned in this report are: State of Bavaria,Bayerische Landesbank,Bayerische Landesbank U.S. Finance Inc.
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
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