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Request for Comments: Material Changes to Methodology to assess Municipal entities
Tuesday, 30 April 2019

The EUROPEAN RATING AGENCY (hereinafter ERA or the Agency) presents the Request for Comments: Material Changes to Methodology to assess Municipal entities. ERA have increased the Scope of the Methodology to cover sub-sovereign entities on a global level. With a change in the Scope of the Methodology, changes and in the factors and weighs were necessary. This document contains updated version of the methodology with all changes.

 

ERA suggests that market participants willing to provide comments send them in written form to Tibor Baniar ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ) no later than May 30, 2019. All comments shall be considered prior to final approval.

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ERA affirms AA+ rating to Austria, outlook Stable
Friday, 26 April 2019

Affirmation of the unsolicited credit rating AA+ assigned to Austria stems from improved public finances, very strong governance indicators, and low imbalances in the private and external sectors. The rating is restricted by a high government debt load.

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ERA affirms BB+ rating to Azerbaijan, outlook Stable
Friday, 12 April 2019

Affirmation of the unsolicited credit rating BB+ assigned to Azerbaijan stems from the ongoing process of economic stabilization based on reduced inflation, improvements in real growth, and relatively stable oil prices. The assessment is also supported by the presence of a sovereign fund with assets worth more than 80% of GDP. The assessment is constrained by the economy's high dependency on the oil sector, vulnerabilities in the banking system, and weak governance factors.

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