ERA affirms unsolicited rating A- to TRNAVA, outlook Stable
Friday, 31 May 2019

The affirmation of the unsolicited credit rating of Trnava stems from changes in the evaluation of key assessment indicators according to ERA's new Methodology, where greater importance is placed on debt, liquidity profile, and operating balance indicators. With floating weights, higher weight is assigned to debt and liquidity indicators when exceeding the deterioration limit values.

The rating assigned to the city of Trnava remains unchanged and is mainly based on a positive assessment of the current and projected debt levels, high liquidity levels, and operating balance surpluses.

End of consultation period and publication of a final version of Municipal methodology
Friday, 31 May 2019

After end of the consultation period for the proposed matarial changes into Methodology to assess Municipal entities (Methodology), the final methodology was published.

ERA closed the consultation period without comments. ERA starts using this methodology immediately.

Link to the Methodology

ERA affirms BBB rating to Hungary, outlook Stable
Friday, 24 May 2019

The unsolicited credit rating assigned to Hungary stems from a strong economy, sound private sector finances, and above average governance indicators. The rating is restricted by high government debt load, high structural deficits, and weak external sector indicators.