Fitch affirms Gdansk

Fitch Ratings said it affirmed the Polish City of Gdansk's long-term foreign- and local-currency ratings at BBB+.

Fitch also said it assigned to the city a national long-term rating of AA-(pol).

The outlook is stable.

The ratings reflect the city's sound and improving operating performance, solid strategic and financial management and healthy debt ratios, Fitch said.

The ratings also consider the wealthy and diversified local economy, strong tax base and the upgraded local infrastructure, which supports the development of the local economy, the agency said.

© 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.