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Article: ITALY: RATING OF NAPLES.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- October 25, 2004
CopyrightCOPYRIGHT 2004 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moody's Investors Service has downgraded the City of Naples' long-term debt rating to A1 from Aa3. The outlook is stable. Today's rating action reflects Moody's view of the persistent difficulties facing the city as a result of its poor record in collecting own sources of revenue, its significant exposure to off-balance sheet risk, and institutional framework-related pressures in the context of a weak economy. However, the A1 rating also takes into account the municipal administration's effort to tackling key structural issues, the low level of risk arising from its exit from the declared state of financial distress ('dissesto'), and the moderate, albeit growing, level of ...
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Naples & The Everglades.
Tampa Bay & Florida's West Coast Adventure Guide;
January 1, 2004 ;
700+ words
... ... Nature Center or The Zoo in Naples in the morning. Have lunch ... shopping and sightseeing in Old Naples. Take a sunset cruise and have ... s. Spend the night downtown Naples. * SUNDAY: Drive to Everglades City. Take a boat or kayak tour ...
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