Fitch affirms Gdansk

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

The outlook is stable.

The ratings are supported by its vigorous economy, a robust, growing tax base and good debt service coverage, Fitch said.

The ratings are constrained by the city's increasing debt, large indirect risk and pressure on its operating expenditure, the agency said.

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