- Language: English
- Published: July 2012
- Region: Italy
Summary: Lazio (Region of) Dec 11
- Published: December 2011
- Standard & Poors
The outlook revision reflects Standard & Poor's Ratings Services' view of a higher likelihood that the Italian region of Lazio will structurally improve its budgetary performance and raise its cash flow generating capacity, mainly owing to Lazio's financial management's stronger capabilities. The rating on Lazio reflects the region's wealthy economy and moderate contingent liabilities. It also reflects management's success in restructuring its health care sector, with the help of extraordinary technical support from the Italian central government, notably through the compulsory administration ("commissariamento") process. However, the rating is constrained by Lazio's still weak budgetary performance, which stems from past deviations from health care deficit targets, high accumulation of operating payables, chronically tight liquidity positions, limited financial flexibility, and a moderate-to-high...
Companies mentioned in this report are: Lazio (Region of)
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Lazio (Region of)