Lazio, Region of -- Moody's issues annual credit report on Lazio
Milan, December 20, 2012 -- In its annual credit report on Lazio, Moody's Investors Service says that the Baa3 debt rating reflects the pressures the region's already rigid budgetary structure faces from its healthcare sector and cuts in central government funding. Moreover, Lazio also displays a stressed liquidity profile and very high debt levels, although the latter is expected to stabilise. In contrast, the rating remains supported by the region's efforts to reduce its healthcare deficit, the substantial oversight of the central government, its commitment to fiscal consolidation as well as its large and wealthy economic base.
