- Language: English
- Published: November 2012
- Region: Russia
Long-Term Rating On Russia's Tomsk Oblast Raised To 'BB-' On Internationally Low Debt Levels; Outlook Stable Jun 11
- Published: June 2011
- Region: Russia
- Standard & Poors
LONDON (Standard & Poor's) June 13, 2011--Standard & Poor's Ratings Services said today that it has raised its issuer credit rating on Russia's Tomsk Oblast to 'BB-' from 'B+'. At the same time, we raised the Russian national scale rating on the oblast to 'ruAA-' from 'ruA'. The outlook is stable. The recovery rating on the oblast's unsecured debt remains unchanged at '3'. "The oblast has built up its cash reserves and extended its debt maturity on faster-than-planned revenue growth and continued state budget loans," Standard & Poor's credit analyst Felix Ejgel said. "As a result, we expect that the oblast's debt service will continue to decline to an annual average of 8% of operating revenues during 2011-2013." The ratings...
Companies mentioned in this report are: Tomsk Oblast
Action: Outlook: Stable
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Research type: News
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