Moody's rates Warsaw program A2

Moody's Investors Service said it has assigned an A2 rating, with stable outlook, to the City of Warsaw's new medium-term note program, sized at €1.3 billion.

The agency said that the program is expected to be used for general government purposes.

According to Moody's, the program's A2 rating is based on Warsaw's good operating performance in recent years, which has enabled the city to maintain relatively low debt ratios.

The rating also takes into account likely future indebtedness due to the implementation of an ambitious capex program by the city, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.