“Being in AAA reduces the cost of debt, pay less interest, and there is more money left for investments,” he explains. the governor of the Atlantic, Elsa Noguerawhen celebrating that for the second consecutive year the firm Fitch Ratings awarded the AAA rating to the department of Atlántico, the highest rating in its history.
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Noguera assures that this good news will allow the administration to have better banking conditions and will facilitate the resources allocated to social investment.
“We can get into longer-term debt and increase the interest of the financial sector in lending us,” the governor added.
AAA ratingis the maximum granted by Fitch Ratings and is assigned to entities with the lowest risk expectation in relation to all others in the same country.
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Among the key factors to achieve this rating for the second consecutive year is the reduction in dependence on operating income, and the 17.9 percent increase in the department’s own income during 2021.
Thanks to the expansion of points in the collection network, citizen trust and the possibilities of making the payment virtually
“Thanks to the expansion of points in the collection network, the citizen trust and the possibilities of making the payment virtually”, explained Noguera.
During the report, the qualifier highlighted the financial management of the University ESE, since the department had to reorganize the health provision model due to the fact that it presented deficiencies in the operation, for which it assumed the restructuring of liabilities of four hospitals of the public hospital network and constituted the ESE Universityan entity that brings together the current departmental hospital centers.
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In the latest ratings, a trend has been marked in the good management of departmental finances, as it went from A+ in 2016, then in 2017, 2018 and 2019 to AA-, and in 2020 it reached AA+, which confirms the good moment that the Atlantic is experiencing for the second consecutive year during 2021 and 2022.
BARRANQUILLA
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