Poznan.pl, oficjalna strona Miasta Poznania

The affirmation reflects Fitch's unchanged view about the city's strong operating performance, moderate direct debt, a high self-funding capacity of investments as well wealthy economy that is well-diversified across sectors, the GDP per capita that is 2x higher than the national average and the unemployment rate that is the lowest among Polish cities.

Fitch points out that the ratings could be upgraded if the City of Poznan maintains a sound operating performance leading to debt payback below three years on a sustained basis and provided the sovereign rating (A-/Stable) is upgraded.

The credit rating is an independent opinion, that determines the creditworthiness of the rated entity. It reflects the overall ability of the entity to meet its general financial commitments or it concerns a specific issue or a financial program. The main purpose of the rating is to inform current and prospective investors of the reliability and financial solvency. The credit rating allows the entity for an easier and wider access to financial markets and to obtain external capital on more favourable terms.

Fitch Ratings is one of the most renowned and significant credit rating agencies in the world, with high credibility and prestige in the international rating services market. The agency evaluates the creditworthiness of issuers from more than 100 countries worldwide, including the majority of Polish cities and provinces. The City of Poznan uses the agency's services from 2013.