Fitch keeps Mazowieckie voivodship's IDR at 'A-' level
22:00
Fitch Ratings affirmed long-term entity ratings (IDR) for Mazowieckie voivodship's debt in foreign and domestic currencies at the 'A-' level, the rating agency announced on Thursday. It added that the long-term national rating of the voivodship increased to 'AAA(pol)' from 'AA+(pol),' and the rating outlook is stable.
"Raising the country's regional rating reflects Fitch's opinion that compared to other local government units (LGUs) in Poland, the financial situation of the voivodship has improved and is very good. The confirmation of other ratings reflects Fitch's expectation that in the mid-term Mazowieckie will maintain solid budget results and good liquidity, and direct debt will fall," the agency stated.
(ISBnews)
