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Geneva (City of) Feb 12
Standard & Poors, February 2012
"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)
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Research Type: Full Analysis
Geneva (City of)