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Land of Nordrhein-Westfalen (Germany): Update following methodology up...

Our credit view of this issuer reflects its budgetary performance challenged by operating costs pressures, constrained by its low revenue and expenditure flexibility.

Land of Nordrhein-Westfalen (Germany): Update following ratings affirm...

Our credit view of this issuer reflects its excellent market access and debt management, constrained by its low revenue and expenditure flexibility.

Land of Nordrhein-Westfalen (Germany): Update to credit analysis

Our credit view of this issuer reflects its largest regional economy and its excellent market access and debt management, constrained by its low revenue and expenditure flexibility.

Land of Nordrhein-Westfalen (Germany) : Weakened tax revenues amid eco...

NRW has reported a 4% drop in preliminary tax revenues for the fiscal period up to 31 March 2023 compared to the year before but we expect them to recover by the end of the year.

Land of Nordrhein-Westfalen (Germany) : Update following rating affirm...

Our credit view of this issuer reflects its largest regional economy and its excellent market access and debt management, constrained by its low revenue and expenditure flexibility.

Land of Nordrhein-Westfalen (Germany) : Update to credit analysis

Our credit view of NRW reflects its position as the largest regional economy and its excellent market access and debt management, constrained by its low revenue and expenditure flexibility.

Land of Nordrhein-Westfalen (Germany): Update to credit analysis

Our credit view of Nordrhein-Westfalen, Land of, reflecting its excellent market access and debt management, against its low revenue and expenditure flexibility.

Land of Nordrhein-Westfalen (Germany): Update to credit analysis

Our credit view of NRW reflects its strong systemic support and improving financial performance, with financial surpluses in the last two years, as well as its very high debt.

Land of Nordrhein-Westfalen (Germany): Update following affirmation of...

Our credit view of NRW reflects its strong systemic support and improving financial performance, with financial surpluses in the last two years, as well as its very high debt.

Land of Nordrhein-Westfalen (Germany): Update to credit analysis

Our credit view of NRW reflects strong systemic support and improving financial performance with a financial surplus in 2018, as well as very high debt levels.

Land of Nordrhein-Westfalen (Germany) : Update to credit analysis

Our credit view of NRW reflect strong systemic support and improving financial performance, despite very high debt levels.

Please Change Name Harald Sperlein
  • Please Change Name Harald Sperlein

Moody's Public Sector Europe: Strong growth and rising tax revenue sup...

Announcement: Moody's Public Sector Europe: Strong growth and rising tax revenue support German regions' positive outlook in 2018. Global Credit Research- 30 Nov 2017. London, 30 November 2017-- Strong economic growth, rising tax revenue and effective debt management policies support Moody's positive outlook for German regions in 2018, Moody's Public Sector Europe said in a report today.

Please Change Name Sperlein ... (+2)
  • Please Change Name Sperlein
  • Harald

Nordrhein-Westfalen's Unexpected Deficit Will Delay Fiscal Consolidati...

    ISSUER COMMENT  SUB-SOVEREIGN    SEPTEMBER 11, 2017    Nordrhein-Westfalen’s Unexpected   Deficit Will Delay Fiscal Consolidation, a  Credit Negative  From  Credit Outlook   Last Wednesday, the German land of  Nordrhein-Westfalen  (NRW, Aa1 

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