n IMFO : Official Journal of the Institute of Municipal Finance Officers - Liquidity analysis in the rating process
|Article Title||Liquidity analysis in the rating process|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Author||Leon Claassen and Daniel Mazibuko|
|Publication Date||Spring 2007|
|Pages||6 - 8|
The evaluation of a municipality's liquidity is one of the most crucial aspects in the rating process. Liquidity reflects the ability of the municipality to meet its short-term obligations, such as the payment of a loan instalment, trade creditors or the salaries of its employees, on time.
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