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Research Update: Russian Krasnodar Krai Ratings Affirmed At 'BB/ruAA' With Stable Outlook, Then Suspended Due To Lack Of Information Oct 11

  • ID: 1930581
  • October 2011
  • Region: Russia
  • Standard & Poors

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: Affirmed
Action: Outlook: Stable
Action: Suspended

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Krasnodar Krai

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