Standard and Poor's on Saturday upped
its assessment of Roma Capitale's economic and financial
reliability prospects, assigning it a BBB long-term rating with
a stable outlook.
The rating agency's judgement is also based on the city's
'healthy and diversified' economy and 'the central government's
financial support for Rome' including the 'granting of executive
powers to the mayor of Rome on the issue of waste'.
"The central government will fully finance the works related to
the city's metro lines and manage the legal pendencies related
to past works," notes the agency, which also points to "the
financial support from the EU's Revolving Fund and the subsidies
related to the 2025 Jubilee that will help Rome meet its
investment needs without accumulating significant additional
debt."
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