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The department receives a good report
by Maryse Bourgeois
Agence de press caribeenne New Media Translate This Article
29 November 2006
On 29 November 2006 Agence de press caribeenne New Media reported:
The General Council of Guadeloupe announced that the public finance organization Fitch Ratings declared 'a positive perspective' on the nation's finances in its report dating from last November.
Global Good News service views this news as a sign of rising positivity in the field of government, documenting the growth of life-supporting, evolutionary trends.
Fitch Ratings, the first European notation agency, monitors more than 200 local communities. After analysing the financial standing of the department of Guadeloupe, the leader of the notation agency gave the department an 'A '.
He anticipates that the nation's level of debt will remain moderate over the two next years—a situation made possible by the sound financial policy of the General Council.
The article stated that the positive report came about 'thanks to the continuation of a virtuous policy that keeps administrative expenditures under control, and also due to the orientation of investment toward self-financing'.
The agency had until now counted on a deterioration of the country's financial performance. However, this is no longer the case, and the agency said it plans to raise the note again if the 2006 report is announced stable.
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