Research Update: Italian Region of Lazio Affirmed At 'BBB+'; Outlook Remains Negative Mirroring Sovereign Outlook Dec 12
- Language: English
- Published: December 2012
- Region: Italy
Strong technical state support to Lazio's commitment to restructuring the health care sector. Success in clamping down the health care sector's annual deficit. Wealthy regional economy. Currently tight, but manageable, liquidity position, particularly given Lazio's very smooth debt service. High overall debt burden, given the region's very limited financial flexibility. 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...
Companies mentioned in this report are: Lazio (Region of)
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Research Type: Full Analysis
Lazio (Region of)