Home
ACRA Europe affirms unsolicited rating of A- to STROPKOV, changes outlook to Negative
Friday, 05 June 2020

The rating assigned to the city of Stropkov remains unchanged and is mainly based on a positive assessment of low indebtedness, high short-term liquidity, and sufficient operating balance surpluses in previous years. ACRA Europe has downgraded the rating outlook from Stable to Negative given the increased likelihood of the following critical factors:

-       The risk of higher indebtedness of the city in 2020;

-       The risk of an operating balance deficit in the city’s budget at the end of 2020.

Read more...
 
ACRA Europe affirms unsolicited rating of BBB- to SKALICA, outlook Negative
Friday, 29 May 2020

ACRA Europe affirms the unsolicited credit rating assigned to the city of Skalica (hereinafter, the City) primarily based on the assessment of financial factors. In the aforementioned assessment, the results of the operating budget analysis show a very low level of surpluses, which are important for the City's future development and debt repayments. The assessment considers the results of the debt analysis, in particular the debt service risk and liquidity risk.

Read more...
 
ACRA Europe assigns solicited credit rating of BBB to IBEC, outlook Stable
Friday, 29 May 2020

The International Bank for Economic Cooperation (hereinafter, IBEC, or the Bank) has been assigned a BBB long-term foreign currency rating.

The outlook on the long-term foreign currency credit rating is Stable. The Stable outlook assumes that the rating will most likely stay unchanged within the 12 to 18-month horizon.

Read more...