The Moody’s agency increases the ‘rating’ of the Piedmont Region: more solvent debtor

Moody’s increased the rating of the Piedmont Region: we pass from level Ba1 (“Non-investment Grade” area) to the Baa3 one (first step of the Investment Grade area). A extremely positive opinion also because it inserts the Piedmont between the areas where it is advantageous to plan investments.

How much has certified the Court of Auditors in its annual peer reviews, also the experts of the international agency Moody’s they have promoted the Region, the only one in Italy to have taken two steps forward, with the change in rating from Ba1 to Baa3, just a few months after the change from Ba2 to Ba1. So the evaluation considers increasing reliability and efficiency.

Comments

For the president Alberto Cirio “Moody’s new rating rewards the great work of recent years, in which we have reduced the debt by 2.3 billion euros, as certified by the Court of Auditors. A stable Region is credible and stronger for gaining and gaining the trust of businesses and those who want to invest in Piedmont”.

According to the budget councilor Andrea Tronzano “It is no coincidence that even the Financial Times considers us a region worth investing in. I am sure that these data will further increase the competitiveness and attractiveness of our regional system.”