This decision, in fact, is a continuation of a previous one, will allow the regional community to access financing under better conditions.
In short, it will be able to pay less interest to its financiers.
In its statement, the Fitch agency highlights that this rating reflects, in particular, “the improvement in the Region’s budgetary performance in 2016, its robust economic profile, and its sound financial governance. The stable outlook indicates the Region’s ability to maintain medium-term budgetary and debt ratios compatible with the current ratings despite an expected increase in debt.”
For Renaud Muselier, President of the PACA Region, this is excellent news: “I am pleased with the maintenance of the Fitch Ratings score. This AA- rating rewards the considerable efforts we have made. It also echoes the study by the Ifrap foundation, which placed us in July last year at the top of the French regions that achieved the most savings in 2016.
Today, our Region is well-managed, with improved finances, which will allow us to make more investments for growth and employment.”
