- Language: English
- Published: June 2012
- Region: France
Essonne (Department of) Jul 10
- Published: July 2010
- Standard & Poors
High investment flexibility. Good financial management. Strong and well diversified economy. Low revenue flexibility due to the national business tax reform. A high debt burden relative to international peers. Social aid growing, rigid, and underfunded by the state. The rating reflects Standard & Poor's Ratings Services view of the French Department of Essonne's large investment flexibility, the quality of its financial management, and its strong economy. Essonne's main constraints are its high debt burden in comparison with international peers, and the department's hampered tax flexibility due to the national business tax reform and growing social aid expenditure. In 2009, thanks to the combination of tax hikes, low interest rates, and a close rein on expenditure, Essonne posted an operating margin...
Companies mentioned in this report are: Essonne (Department of),Nord Pas De Calais (Region of)
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Essonne (Department of),Nord Pas De Calais (Region of)