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17.08.2009
Credit-Rating: Potential and perspectives of multi-functional cities under crisis
In Credit-Rating’s opinion, the creditworthiness of the majority of multi-functional cities, which are assigned national scale ratings, remains satisfactory. This is due to industry-related peculiarities of city-forming companies, which have not been affected by adversities of the crisis yet. A moderate debt burden imposed by obligors of this kind, and the credit discipline of local authorities, which has evolved in the recent years, contribute to financial reinforcement of multi-functional cities.
In formerly published materials we focused on key challenges faced by industrial cities in terms of meeting their debt obligations. The present research features agency’s opinion with regard to impact of Ukraine’s economic downturn on social and economic development of municipalities and to primary factors affecting creditworthiness of the latter.
Potential and perspectives of multi-functional cities under crisis (russian version)
Information on all credit ratings assigned in accordance with the National Rating Scale may be found in REUTERS and BLOOMBERG information systems.
For more information, please contact:
Information and analytic department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua
Denis Rudenko
DRudenko@credit-rating.ua
