French Sub-Sovereign Governments’ COVID-19 Impact Mitigated by State and Strong Financials but Challenges Lie Ahead
The Coronavirus Disease (COVID-19) pandemic is putting financial pressure on local and regional governments across Europe. In France, sub-sovereign governments (SSGs) are being relatively less affected on the expenditure side, as healthcare expenditure is almost exclusively a central government responsibility. On the other hand, on the revenue side, the impact of COVID-19 is significant for French SSGs. Given the magnitude and still uncertain duration of the COVID-19 shock, some budgetary challenges lie ahead which will continue to affect French SSGs in coming years.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.