Fitch: Estonian LRGs to Maintain Sound Performance
OREANDA-NEWS. In a newly published dashboard on the Estonian LRGs, Fitch says improving operating results and stable debt contributed to adequate debt ratios in 2012-2014. The agency also says it does not expect the debt ratios to be eroded by the LRGs' new investments, which will be co-financed by EU grants.
The City of Tallinn (A/Stable) - the only Estonian LRG rated by Fitch, demonstrated stable and sound fiscal performance over the last five years. We expect the city to be able to service its debt in the medium term, despite its plan to partly finance its new investments with debt.
The 'Estonian LRGs Dashboard March 2016 ' is available on www.fitchratings.com.
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