Russian Financial Control Monitor
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VOLGOGRAD. Fitch Ratings has affirmed the Volgograd Region's long-term foreign and local currency ratings at BB- with stable outlooks, and its short-term foreign currency rating at B. The agency has also affirmed the Volga region's national long-term rating at A+(rus) with stable outlook.
The rating action also affects the region's outstanding senior unsecured domestic bonds of RUR13.8bn ($418.2mn, or €314.7mn).
The affirmation reflects the developed local economy and moderate debt burden. |
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