| Title: | Neuchatel, City of |
| Price: | $300.00 |
| Publication Date: | Aug 20, 2008 |
| Report Type: | Analysis |
| Brief Excerpt: | ...The City of Neuch tel s long-term issuer rating of Aa# reflects a Baseline Credit Assessment (BCA) of # on a scale of #-## (in which # represents the lowest credit risk) and a moderate likelihood that the C anton of Neuch tel (not rated) would act to prevent a default by the city. Neuch tel s BCA of # reflects a number of factors, including the city s ongoing efforts towards financial consolidatio n, its sound management and governance practices, and the favourable economic pr ospects. The BCA also factors the city s very high debt and debt service levels, its reduced budgetary volumes following the uploading of a number of responsibilities to the Canton and t he externalisation of some municipal functions, as well as its overall limited financial flexibility in a context of rigid expenditures, and a pl anning capacity that is somewhat constrained by cantonal decisions. The moderate likelihood of extraordinary s upport reflects Moody s opinion of the relevant degree of... |
| Word Count: | 6501 |
| Length: | 12 Pages |
| Issuer: | Neuchatel, City of |
| Format: | 
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