Standard & Poor’s revises Capitol’s rating upwards
B Good news for the Capitol’s finances. The well-known rating agency Standard & Poor’s has revised the rating of the Municipality of Rome upwards.
“Standard & Poor’s”, reports a note from the same agency, “places the long-term “A” rating of the Municipality of Rome under observation with positive implications. Consequently, Atac SpA’s long-term “A-” rating is also placed on CreditWatch positive. Atac’s A-2 short-term rating is confirmed.”
This is a consequence due to the approval of the recovery plan by the government. Mayor Alemanno is satisfied. “The reversal is of extraordinary importance. The appreciation of Standard & Poor’s demonstrates appreciation for the economic and financial policies applied by the municipal administration.
The rating is an important indicator. In fact, it is the index that measures the financial reliability of an institution or company, based on its ability to pay its debts.