RTL.de>news>
17. April 2021 – 9:30 Clock
–
Stuttgart (dpa / lsw) – Baden-Württemberg continues to be considered a stable and reliable debtor. At the request of the German Press Agency in Stuttgart, Finance Minister Edith Sitzmann (Greens) announced that Standard & Poor’s had confirmed the previous AA + rating and Moody’s had once again given the country the top rating of Aaa. “With the rating, the agencies recognize our solid budgetary policy.”
The good creditworthiness had recently been demonstrated by the necessary debt in the course of coping with the Corona crisis. It therefore made it possible to borrow without restrictions and on very favorable terms. However, the two rating agencies Standard & Poor’s and Moody’s linked their confirmations of the rating with the fact that Baden-Württemberg is sticking to the debt brake. Both agencies expected the country to return to a balanced budget with no new debt after the pandemic.
The green-black state government has taken on new debts of 13.5 billion euros in the 2020/2021 double budget due to the Corona crisis. In addition, the tax sources are no longer gushing: In 2022 the country will lack 3.6 billion euros, in 2023 around 3.7 billion euros and in 2024 just under 4.1 billion. On top of that, the future coalition must also tackle the old debt mountain, which has grown to 58.5 billion euros.
A first-time eco-bond of over 300 million euros was given a positive rating by Moody’s, according to the information. “With the Green Bond we are making our political focus on climate protection transparent on the financial market,” Sitzmann continued.
© dpa-infocom, dpa: 210417-99-239312 / 2
Source: DPA
–
— .
