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City Of Bandung Assigned 'BB-' Rating; Outlook Stable Dec 11 Product Image

City Of Bandung Assigned 'BB-' Rating; Outlook Stable Dec 11

  • ID: 2031102
  • December 2011
  • Standard & Poors

Abstract
Bandung operates in an evolving intergovernmental system with low systemic support. We note the city's limited financial flexibility, weak debt management, and poor management of government-related entities. Bandung has a fairly diversified local economy but low income by international standards, a low debt level, and an adequate liquidity profile, in our view. We are assigning our 'BB-' issuer credit rating to Bandung. The outlook is stable as we expect the city's budgetary outcomes and debt levels to stay within our projections. SINGAPORE (Standard & Poor's) Dec. 13, 2011--Standard & Poor's Ratings Services assigned its 'BB-' issuer credit rating to the City of Bandung. The outlook is stable. We also assigned our 'axBB+' ASEAN regional scale rating to the city. "The...

Companies mentioned in this report are: City of Bandung
Action: New Rating
Action: Outlook: Stable

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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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