Fitch Affirms City of Strasbourg at 'AA'; Negative Outlook

April 17, 2015 4:02 PM

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(The following statement was released by the rating agency) LONDON/PARIS/MOSCOW, April 17 (Fitch) Fitch Ratings has affirmed the City of Strasbourg's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'AA' with a Negative Outlook.

The Short term foreign currency IDR has been affirmed at 'F1+'. KEY RATING DRIVERS The ratings reflect the city's sound although declining operating performance, tax flexibility and moderate debt. The Negative Outlook reflects Fitch's expectations of a weaker financial profile, due to the combinatio...

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