Fitch: Rybnik to positive

Fitch Ratings said it revised the outlook on the City of Rybnik's national long-term rating to positive from stable and affirmed the rating at A(pol).

The outlook revision reflects expectations that Rybnik's strong operating performance will be maintained in the medium term, with the operating margin averaging about 13%, Fitch said.

Despite expected debt growth in the medium term following investments, the debt-service ratios will remain moderate, the agency said.

The ratings consider the city's strategic and financial management and good operating performance, Fitch said.

The ratings also factor in high liquidity, relatively low direct and indirect debt and healthy debt service ratios, the agency added.

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