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Fitch Affirms Polish City of Poznan at A- ; Outlook Stable

Fitch Affirms Polish City of Poznan at ‘A-‘; Outlook Stable Fitch Ratings – Warsaw – 26 Feb 2021: Fitch Ratings has affirmed the Polish City of Poznan’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘A-‘. The Outlooks are Stable. The affirmation reflects Fitch’s unchanged view that Poznan’s operating performance and debt ratios will remain sound over the medium term, despite an economic downturn triggered by the coronavirus pandemic. Fitch assesses Poznan’s Standalone Credit Profile (SCP) at ‘a+’ and the city’s ratings remain capped by the sovereign at ‘A-‘. Revenue (Robustness): ‘Midrange’ We assess Poznan’s revenue robustness as ‘Midrange’ in view of the city’s stable revenue sources, with revenue growth prospects above national GDP growth. Tax revenue accounts for about 50% of Poznan’s operating revenue, of which about 90% is not particularly dependent on economic cycles. Current transfers account for more th

Fitch revises Bulgarian Energy Holding s outlook to positive

Fitch revises Bulgarian Energy Holding s outlook to positive Fitch (Author: fitchratings.com) License: all rights reserved. SOFIA (Bulgaria), March 1 (SeeNews) - Fitch Ratings said that it has revised the outlook on Bulgarian Energy Holding s (BEH) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to positive from stable and affirmed them at BB . The revision of the outlook was driven by the recent revision of the outlook on Bulgaria s IDR to positive from stable, Fitch said in a statement on Friday. Fitch also affirmed BEH s senior unsecured rating at BB- . The ratings agency also said in its statement: KEY RATING DRIVERS

Fitch affirms Bulgarian Energy Holding at BB , outlook stable

Fitch affirms Bulgarian Energy Holding at BB , outlook stable Fitch (Author: fitchratings.com) License: all rights reserved. SOFIA (Bulgaria), December 23 (SeeNews) - Fitch Ratings said that it has affirmed the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) of Bulgarian Energy Holding (BEH) at BB with a stable outlook. Fitch has also affirmed BEH s senior unsecured debt, including 550 million euro ($670.4 million) and 600 million euro bonds at BB- , the ratings agency said in a statement on Tuesday. BEH s IDR reflects the group s standalone credit profile (SCP) of b+ , which is notched up twice for strong links with its sole owner, the Bulgarian state (BBB/Stable) to arrive at the BB IDR, Fitch also said.

Dreaming of a White Christmas with every COVID case of blight

All are in the corona gutter but some see the star of hopeView(s): While Germany has gone to lockdown mode for a whole month with no grace granted for frohe Weihnachten, Lankans seem to have been immensely blessed with the freedom of the wild ass to spend the seasonal cheer wistfully dreaming of a White Christmas with every rising case of COVID blight they sight. Though the COVID blitzkrieg have sent the Jerrys scurrying into their virus proof shelters at the first sound of alarm of another tsunami wave of coronavirus attacks, the intensified blitz in Lanka’s capital city has not deterred its stouthearted residents from venturing forth with only a face napkin as shield to meet head on the foe’s deadly coughs and sneeze, in a stand or fall bravado or do or die battle to keep the economic mill turning and the wolf from the door.

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