Geneva (City of) Feb 12
Standard & Poors, February 2012
Abstract
"Predictable and well-balanced" institutional framework. Positive financial management. Wealthy and resilient economy, but GDP growth may slacken. High debt burden. Cyclical revenue and limited revenue flexibility. The rating on the Swiss City of Geneva (Geneva) reflects Standard & Poor's Ratings Services' view of the city's "predictable and well-balanced" institutional framework; its financial management, which we view as positive for its creditworthiness; and its wealthy and resilient economy. We believe these strengths are partially offset by the city's heavy debt burden and the sensitivity of the city's revenue to economic cycles and its limited tax leeway. Under our methodology for rating international local and regional governments (LRGs), we view the city's financial management as positive for its creditworthiness, given its high...
Companies mentioned in this report are: Geneva (City of)
Action: Review
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: Full Analysis
Geneva (City of)
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