(The following statement was released by the rating agency)
WARSAW/LONDON, May 20 (Fitch) Fitch Ratings has affirmed the
Polish City of
Torun's Long-Term Foreign and Local Currency Issuer Default
Ratings (IDRs) at
'BBB' and National Long-Term rating at 'A(pol)'. The Outlooks
are Stable.
The affirmation reflects the city's satisfactory budgetary
performance, which is
in line with Fitch's base case scenario, and our expectations
that the city will
maintain its sound operating results in the m
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