The outlook also factors in our assumption of stable tax

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Canada Goose Jackets Standard Poor Ratings Services said today that it had raised its long term foreign and local currency issuer credit ratings on the City of Prague to from The outlook is now stable. The short term foreign and Canada Goose sale local currency issuer credit ratings were affirmed at Canada Goose Jackets

Canada Goose Outlet Based on canada goose uk outlet our Canada Goose Coats On Sale criteria, we previously assessed Prague indicative rating at but capped the long term rating at the same level canada goose outlet store locations as canada goose clearance the long term foreign currency rating on the sovereign. The upgrade follows our upgrade canada goose coats of the Czech Republic (foreign currency AA /Stable/A 1+; local currency AA/Stable/A 1+) and evidence that the city continues to buy canada goose jacket cheap perform in line with our base case scenario uk canada goose and our criteria for an long term rating. Canada Goose Outlet

canada goose black friday sale The ratings on Prague, the capital of the Czech Republic, reflect our canadian goose jacket view of the city strong economic fundamentals; solid financial performance, despite the 2009 recession; positive liquidity situation; and relatively moderate debt burden. canada goose black friday sale

canada goose coats on sale Constraining Canada Goose Outlet factors include the evolving, but sound, institutional framework and cheap canada goose uk limited buy canada goose jacket future revenue growth, due Canada Goose online to reform of the value added tax regime, changes to tax revenue distribution, canada goose factory sale and continuing pressure from the municipal transport Canada Goose Online company. canada goose coats on sale

canada goose deals The stable outlook on the foreign Canada Goose Parka and local currency long term ratings reflects our expectation that economic canada goose uk shop recovery in the Czech Republic and Prague will continue in 2011, which should support the city sound operating budget canada goose performance and liquidity position. The outlook also factors in our assumption of stable tax supported debt below 60% of operating revenues until 2013. canada goose deals

Canada Goose sale We could raise the ratings under the following two conditions: First, reduced uncertainty with no major negative impact on Prague about the further development of the institutional framework and tax sharing mechanism for Czech canada goose store municipalities. Second, increased visibility of the new city management long term financial targets and policies. Canada Goose sale

cheap Canada Goose We could lower the ratings if a significant and sustained drop in budgetary balances and cash levels were to lead to a strong increase in debt, which we consider to be unlikely at this stage. cheap Canada Goose

canada goose clearance sale RELATED uk canada goose outlet CRITERIA AND RESEARCH canada goose uk black friday All articles listed below are available on RatingsDirect on the Global canada goose coats on sale Credit Portal, cheap Canada Goose unless otherwise stated. Methodology canada goose black friday sale For Rating International Local And Regional Governments, Sept. 20, 2010 Ratings On City of Prague Affirmed At On Sound Performance And Economic Prospects; Outlook Still Positive, May 31, 2011 canada goose clearance sale.