S&P affirms Prague

Standard & Poor's said it affirmed the ratings on the City of Prague at A-/A-2.

The outlook remains positive.

S&P noted that the ratings on the City of Prague, located in the Czech Republic (foreign currency A-/positive/A-2, local currency A/positive/A-1), reflect its wealthy and diversified economy, strong liquidity position and sound financial performance.

These factors are partially offset, however, by the city's limited revenue flexibility, potential expenditure pressures, expected debt growth and moderate contingent liabilities, the agency added.

© 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.