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Bulletin: Russian Capital City of Moscow Ratings Unaffected By Presidential Suggestion To Create Capital Federal District Jun 11
Standard & Poors, June 2011
Abstract
MOSCOW (Standard & Poor's) June 20, 2011--Standard & Poor's Ratings Services said today that its ratings on the City of Moscow (BBB/Stable--) are unaffected by Russian President Dmitry Medvedev's suggestion to create the Capital Federal District. No details of the proposal are yet available, but implementation of the proposal, if it takes place, would be in the medium to long term, in our view. The possible effects on both revenues and expenditures are hard to estimate. We already incorporate uncertainty from changes affecting Russian local and regional governments' revenue and expenditure responsibilities in our assessment of Russia's institutional framework and, consequently, into our ratings on Moscow. The ratings on Moscow reflect its position as Russia's economic, administrative, and financial center,...
Companies mentioned in this report are: Moscow (City of)
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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