[MLT] Russian Krasnodar Krai Ratings Affirmed At 'BB/ruAA' With Stable Outlook, Then Suspended Due To Lack Of Information Oct 11
- Language: English
- Published: October 2011
- Region: Russia
We are affirming our 'BB' and 'ruAA' ratings on Krasnodar based on the available data on debt, liquidity, economic, and budgetary performance. The stable outlook reflects our assumption based on available information from the krai, of moderate financial performance, low debt and debt service, continued support of the sovereign, and positive liquidity in 2011-2012. We are suspending the ratings because we have not received data on Krasnodar Krai's long-term strategy, nor have we received adequate data on the region's GREs. We expect to reinstate the ratings once we receive a more regular flow of information that enables our surveillance activities. On Oct. 5, 2011, based on available data from Krasnodar Krai on debt, cash, budget, and economic performance, Standard &...
Companies mentioned in this report are: Krasnodar Krai
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
SHOW LESS READ MORE >