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Fitch affirms Opole
Fitch Ratings said it affirmed the Polish city of Opole's national long-term rating at BBB(pol).
The outlook is stable.
The rating reflects Opole's improved operating performance over the last two years, low debt levels and debt servicing ratios as well as limited indirect risk, Fitch said.
It also takes into account the current economic crisis and personal income tax reduction since January, which could undermine the city's tax revenue in 2009-2010, the agency said.
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