In the debate on the budget primitive 2017, Thursday, Laurent Wauquiez has just touched on the subject, announcing that the financial ratings agency Standard & Poor’s would announce on Friday 16 December, at 18 hours, a new record for the region-Auvergne-Rhone-Alpes.
We said then that the note could only be good, even very good…
The answer is arriving this Friday 16 to 18 hours :
S&P Global Ratings is the reference note long-term in the Region of Auvergne-Rhône-Alpes from “AA-” to “AA” and confirms the note of reference to a short-term ‘ A-1+”.
“We’re evaluating now the weight of the debt of the Region as “moderate” to “high” earlier“, justifies the agency. It also refers to the governance and management strong financial, “in particular, handling the budget very close” on the savings plan. The agency also retains “the commitment of the president of the regional Council to comply with this plan“.
Fight against waste
It’s like a Christmas gift for a Laurent Wauquiez, who has made the “fight against waste” one of the mantras of the first year of his mandate to the regional Council. The€ 75 Million saved in 2016, the Region setting on 75 M€ in 2017, and€ 50 Million for each of the following two years.
The first reaction of Laurent Wauquiez :
In 2016, the Region is doing better than its commitments, while many thought them to be untenable.
Auvergne, Rhône-Alpes is the Region’s n°1 in savings in the operation and is the only region merged to achieve cost savings in 2016.
It is shown in Auvergne-Rhône-Alpes that there is no fatality to the explosion in public spending and the proliferation of wastage.
In may, the first notes are assigned to the new region were AA – long-term and A-1+ short-term. It was already those of the last rating of the old regions Auvergne and Rhône-Alpes.
european ambitions
It is of course a very good news for the president LR in post since January. It has displayed its ambitions in front of the regional advisers :
“I want that one is positioned on the model of regions that have managed to create territories ultra-competitive, such as Lombardy, Catalonia or Bavaria.
areas also have a high visibility. I want you embodies the model of a France which succeeds, and which has the best results in term of employment”
Laurent Wauquiez (Friday, 16 December 2016)
Concretely, the regional executive is in a competition at the european level. With goals :
- as the Region settles permanently in the top 3 of the French on the rate of unemployment is the lowest
- to be the market leader in france and in the top 5 european industrial regions (this is already the case in France)
- re-enter the top 5 of the regions most powerful in Europe (the region is currently in seventh position)
AuvergneRhôneAlpes CP 16122016 by Centre France on Scribd
(*) what is it ? One credit rating agency assesses the ability of a borrower to repay the principal and interest of its debts (technical term : creditworthiness). This borrower may be a State, a local authority or a company. In this context, the rating agencies issue credit notes.
as an example, here is the table of ratings, from a document of the association of mayors of France. 
Philippe Cros
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