Wallonie Region Funding Gap Analysis slide image

Wallonie Region Funding Gap Analysis

Key ratings considerations MOODY'S vigeqiris Date of credit opinion: March 2019 Next review date: March 15th, 2020 Long Term Rating: A2 - Stable Outlook Prime-1 short-term rating of its Treasury notes Credit Strengths ▲ Positive impact of the Sixth State Reform on leverage and tax autonomy Robust liquidity position resulting from strong debt and treasury management Credit Challenges Relatively large cumulated financing deficit, although on the path to fiscal consolidation Fragile economy compared with that of Belgium Date of report: April 2018 ESG rating: 55/100 Région wallonne ranks 4th out of 30 among European Local Authorities sector Région wallonne demonstrates a consistent performance, with scores above the sector average in all six assessed domains The local authority's performance is ranked advanced in Community Development and good in four other domains: Environment, Human Resources, Human Governance Rights and The performance in Procurement and Services is only limited Wallonie service public SPW 15
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