in the opinion of the Minister of Finance, Edith Sitzmann (Green), it was important to do everything possible for the protection of the health and economic impact of the Corona-pandemic due to additional spending to mitigate. You get the company much-needed funds, by tax payments would be deferred. "If the company can, after the crisis start, the tax revenues of the budget. Therefore, it is right to act anti-cyclically, even if it puts a strain on the budget.“
In the categories of institutional framework, financial management, economic strength and liquidity position, the rating Agency had assigned the Note to Baden-Württemberg, stressed the Minister. "We will also be able to with the credit rating AA+ to continue without restrictions on the financial markets to borrow."
Ratings to decide a rule about it, added to the terms on which money on the capital market can be: the better the Rating, the lower the interest rates charged are usually.Updated Date: 15 August 2020, 11:19