RIO DE JANEIRO, BRAZIL - Worldwide, the novel coronavirus is decimating public accounts, but Jundiaí, a city located halfway between São Paulo and Campinas, is experiencing something different. In full pandemic, the city had its rating raised by the Austin Rating committee to brAA ("double A"), one of the highest. It was formerly rated brAA- (double A minus).
In a meeting last week, the risk agency decided that the city had a high capacity to honor its financial and fiscal commitments, maintaining a low level of indebtedness and with a primary surplus of R$10.8 million in 2019.
In . . .