[MLT] State of Rio de Janeiro 'BBB-' Ratings Affirmed, Outlook Stable On Sound Fiscal Management Jul 12
- Language: English
- Published: July 2012
The strengthening in the administration and the national Fiscal Responsibility Law are expected to sustain the state of Rio de Janeiro's sound fiscal performance during the next three years despite an ambitious investment plan. Debt levels will remain above 100% of revenues; however, low fiscal deficits are expected. We are affirming our 'BBB-' global scale and 'brAAA' national scale ratings on the state of Rio de Janeiro. The stable outlook reflects the state's growing ability to maintain its increasing public investment program. On July 2, 2012, Standard & Poor's Ratings Services affirmed its 'BBB-' global scale and 'brAAA' national scale issuer credit ratings on the State of Rio de Janeiro (SRJ). The outlook on these ratings remains stable. The strong...
Companies mentioned in this report are: Rio de Janeiro (State of)
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Rio de Janeiro (State of)