• SELECT SITE CURRENCY
Select a currency for use throughout the site
City of Dnipropetrovsk Oct 11
Standard & Poors, October 2011
Likelihood of a modest expansion of tax-supported debt in the medium term and zero debt service until 2013. Stronger operating and capital support from the sovereign. Wealth levels that slightly exceed Ukraine's average. A volatile and underfunded public finance system, which undermines the city's financial flexibility and predictability. Material contingent liabilities, owing to the poor financial position of municipal companies. Economic concentration. The ratings on the Ukrainian City of Dnipropetrovsk reflect Standard & Poor's Ratings Services' view of the city's cautious spending growth under stronger revenues, supported by sovereign government grants, as well as Dnipropetrovsk's still conservative approach to debt accumulation and very modest to zero debt service over the next two to three years. The ratings also reflect Ukraine's...
Companies mentioned in this report are: City of Dnipropetrovsk
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
City of Dnipropetrovsk