How Do You Know Ring Worm Is Healing

Sources: repubblica.it

The American company specializing in financial analysis increases bringing long-term rating from A to A + with "outlook" (performance) stable. "Good fiscal discipline and strong liquidity." Positive comments from the mayor: "Our policy is to protect the weak and reduce debt"

Genoa City's budget passed with flying colors by Standard & Poor's, the American company that specializes in financial analysis. S & P increases the long-term rating of the City taking it from A to A + with "outlook" (performance) stable. The news appeared on the website of S & P rating, and the decision was taken after the timely approval (December 23 last year) of the 2011 budget.

Since September 20 the public finances had been put in the Genoese "credit watch list" (list of observation) with a view to their reclassification. Even three months ago, the implications were described as "positive" by analysts, and now, of course, doubts have fallen debris.

S & P analysts speak of a "good fiscal discipline and strong liquidity." Writes Mariamena Ruggiero, head of the group that awarded the "vote" and laid out the reasons. In summary, S & P says, "the City of Genoa shows a strong budgetary performance, prudent management, effective cost control and good liquidity." Not only that, the prediction of 'stability' (stable outlook) is based on the opinion of S & P that "fiscal discipline demonstrated should allow the City of Genoa to positively support the negative impact is expected from the reduction of financial transfers from central government" .

Says Ruggiero S & P: "Our forecast is that Genoa will continue to field good performance of the budget despite the cuts agreed by the government. And we also believe that he will continue a slow but sure policy of debt reduction."

There's enough for Mayor Vincent does not conceal his pride: "I am happy because it confirms that we have done well to pursue a policy of good city government: to safeguard the most vulnerable and divest non-strategic investments with the objective to reduce debt. "

on the same wavelength as the commissioner Miceli:" We are very pleased. It 's a very big result that rewards a complex and laborious. There is an appreciation of the fact that we could be cut without rigorous performance standards to the citizens. "And the head of the Budget promises to rely on the positive opinion of S & P over the next few months:" I'm not saying the banks, This A + we cut rates ... Certainly, however, such a rating will make access to credit easier. "


(January 1, 2011)