International Property News
Brno get ratings up grade
16th March 2008
Moody's Investors Service said it has upgraded Brno's short-term rating to 'P-1' from 'P-2', citing the Czech Republic city's excellent liquidity position, prudent budgetary management and minimum recourse to short term debt.
The rating agency said Brno's 'A2' issuer rating with a stable outlook remains unchanged.
Brno is the Czech Republic's second-largest city and is now a hub for IT as well as clinical research and development.
|