Thursday, January 5, 2017

Departmental council. Standard and Poor’s maintained its A + rating – The Parisian

Ils have given cold sweats to Jean-Jacques Barbaux (LR) and its department of finance. The services of the rating agency Standard and Poor’s, after you put the nose in all the records of the county council, have rendered their verdict : they confirm the A + awarded last year after having degraded their rating two years ago. This note serves primarily to situate themselves on the financial markets to borrow at interest rates as low as possible.

While stressing the low margin of manoeuvre for the department caused by the importance of social spending, Standard and Poor’s believes to be able to meet this note within two years ” if the department is able to improve even more strongly in its budgetary performance “. She also thinks that ” if necessary “, it will be possible to ” reduce capex “, set this year at€ 174 Million in a budget of 1.3 billion euros.

The rating agency, which assesses the containment of debt by the teams of Jean-Jacques Barbaux believes that the Seine-et-Marne will be able to compensate for the decrease in grants from the State of€ 24 Million ” through a governance and financial management strong “.

Standard and Poor’s also assesses the GDP per capita to 31 500 € in 2015 and underlines the dynamism of the service sectors and industrial.

leparisien.frF. Lé.

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