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Bogot? Distrito Capital Ratings Affirmed At 'BBB-', Outlook Remains Stable, As Operating Surpluses Continue Nov 11
Standard & Poors, Nov 2011
Abstract
The District maintains solid financial indicators as shown by high operating surpluses, it has adequate liquidity, and direct debt as a percentage of operating expenditures is low. We are affirming our ratings, including the 'BBB-' issuer credit rating, on the District. Its adequate managerial structure will remain during the current political transition year, and we expect that adequate revenue flexibility, effective controls on operating expenses, strong liquidity, and prudent debt policies will continue. MEXICO CITY (Standard & Poor's) Nov. 17, 2011--Standard & Poor's Ratings Services said today that it affirmed its ratings, including the 'BBB-' issuer credit rating, on Bogot- Distrito Capital (the Capital District of Bogot-). The outlook remains stable. Standard & Poor's ratings on Bogot- Distrito Capital reflect...
Companies mentioned in this report are: Bogota Distrito Capital,Colombia (Republic of)
Action: Affirmed
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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