Oliver Everling and Michael Munsch (publisher): Municipal rating: securing financing of cities and communities, 1st edition Cologne 2013, Bank-Verlag, http://www.bank-verlag.de/, 383 pages, Art. 22.489-1300, ISBN 978-3-86556-285-2.

Whether in municipalities of “strengthening pact” or countries of “bailouts” is spoken, the underlying problems are similar: In any case, it is about imminent payment difficulties in formerly believed to be “absolutely safe” debtors.

The political decision to weight the risk of public debtors with “zero” for capital adequacy purposes makes a municipal rating in no way expendable for economic reasons.

The book deals for the first time with the topic of local finances from the perspective of the rating. Instead of theoretical modeling, practical solutions are discussed, especially from the perspective of those affected, the mayors and city treasurers.

Oliver Everling und Michael Munsch (Herausgeber): Kommunalrating: Finanzierung von Städten und Gemeinden sichern, 1. Auflage Köln 2013, Bank-Verlag, http://www.bank-verlag.de/, 383 Seiten, Art.-Nr. 22.489-1300, ISBN 978-3-86556-285-2.