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Fitch affirms the City of Katowice at A-

September 20, 2011 Katowice the City 0

Fitch Ratings has affirmed the City of Katowice’s long-term foreign and local currency ratings at “A-“ with stable outlook. The same note was given to the City last year.

The City of Katowice’s ratings reflect its sound budgetary performance, high liquidity position, strong self-financing capacity, low, albeit increasing, debt and strong debt coverage. The ratings also take into account the dynamic growth of opex, mainly due to the growing rigid spending, projected high capital expenditure of about PLN 2 billion by 2014

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Katowice will increase capital expenditures in 2011

November 22, 2010 Katowice the City 0

The City of Katowice is preparing a budget for the next year. Instead of a weaker economic situation in the country during last two years, Katowice will increase capital expenditures for investments in 2011 which will be higher for about PLN 120 million in comparison to 2010.

This year the capital expenditures are estimated at PLN 532 million. In 2011 Katowice will spent PLN 652 million for investments