Research Update: Krasnoyarsk Krai Outlook Now Negative On Expected Weak Budgetary Performance, Debt Accumulation; Affirmed At 'BB+/ruAA+' Jun 13
- Language: English
- Published: June 2013
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
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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.
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