Rating the Region

The region’s current international rating as determined by Moody’s Investors Service.

Update of the region’s international rating determined by Moody’s Investors Service.

As an independent assessment of an entity’s ability and resolve to meet its future liabilities, the rating is especially important when assessing a client’s creditworthiness and obtaining external sources.

The region’s international rating has been updated annually by the Moody’s Investors Service rating agency since 2005. The awarded rating also satisfies the obligations stipulated in the credit contract between the region and the European Investment Bank.

In April 2018, the region’s rating was raised from A2 level with a stable outlook to A2 level with a positive outlook. The rating analysis issued on 21 May 2019 based on the region’s economic outcome for 2018 substantiated its international rating at the A2 level with a positive outlook.

This positive assessment was achieved partly owing to the region’s responsible approach in preparing its budget, including its mid-term outlook, the region’s strong operating outcomes over the long term, low level of debt and high cash reserves.

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