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Fitch rates Bialystok BBB
Fitch Ratings said it assigned Poland's city of Bialystok long-term foreign- and local-currency ratings of BBB with stable outlook and national long-term rating of A(pol).
The outlook is stable.
The ratings reflect the city's sound and improved operating performance, growing operating revenue, moderate debt and strong debt coverage ratios, Fitch said. They also reflect its low indirect risk, the agency said. The ratings also consider the city's poor financial liquidity, expected debt increase and weak socio-economic profile, Fitch said.
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