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Fitch Comment: No Rating Action Over City Of Szczecin Despite Troubled Shipyard.

Publication: Business Wire
Publication Date: 13-JUN-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

LONDON & WARSAW, Poland--(BUSINESS WIRE)--June 13, 2002

Fitch Ratings, the international rating agency, said today that the recent troubles at the Szczecin shipyard, one of the City's major taxpayers, will not lead to a rating action for the City of Szczecin at this time. Szczecin has some budget flexibility to cope with adverse situations,...

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