Publication of two ratings of local government units for Kluczbork and Grodzisk Mazowiecki

INC Rating – Credit rating agency, company of the INC capital group, has affirmed ratings of two local government units. On February 3, 2017 agency has published the following solicited ratings:

– Commune of Grodzisk Mazowiecki – “A” stable outlook

– Commune of Kluczbork – “BBB-” stable outlook

Ratings of rated entities reflect their operating results, the ability to finance their investment from their own funds, their liquidity situation and the level oftheir debt. Ratings also take into account the financial situation of the municipal companies.

Debt policy is carried out by the rated entities in a way that is secure and that guarantees correct service and timely repayment of their liabilities in subsequent periods. Planned level of debt in subsequent periods should not significantly affect their ability to regulate current long-term liabilities.

Detailed financial indicators, factors and changes in ratings can be found in the individual reports on the tab dedicated to credit ratings for local governments.

INC Rating acts as a rating agency in the area of ​​Poland and European Union. The agency is subject to supervision by the European Securities and Markets Authority (ESMA). INC Rating dedicates its services to public sector entities, especially local government units.

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