City of Dnipropetrovsk Oct 11
Standard & Poors, October 2011
Abstract
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
Action: Review
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Research Type: Full Analysis
City of Dnipropetrovsk
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