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April 2016


Dear Reader, Dear Members and Friends,

Bavaria’s economy remains very strong. The latest credit rating by Standard & Poor's has confirmed Bavaria’s AAA/A-1+ rating, with a stable outlook. Bavaria’s balanced budget and good liquidity makes the State a first-class borrower. This excellent rating also reflects Bavaria’s diverse and reliable regional economy as well as good financial management and supportive institutional framework.

Bavaria is proud to again gain an AAA/A-1+ rating, yet we do not take it for granted. We know we must continue to work towards an economic environment that is conducive to long-term growth and competitiveness.

For more news and information about the Bavarian economy and our services and activities, please explore the articles in this month’s newsletter.

B. Brossardt

B. Brossardt

B. Brossardt


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