Analytical Credit Rating Agency (АCRA) assigned credit rating ААА(RU) to the Tyumen Region, the outlook is “Stable”
On the 20th of November 2017, ACRA assigned credit rating ААА (RU) to the Tyumen Region, the outlook is “Stable”.
The credit rating of the Tyumen Region is determined by high level of budget liquidity and minimum risk of debt load. Budget’s flexibility and stability support the rating.
A “Stable” outlook assumes that there are chances that the rating will not change during 12-18 months.
The revision of the credit rating and credit rating outlook is expected within 182 days from the date of rating assignment (20.11.2017).
The international rating agency Fitch confirmed ratings of the Tyumen Region at the level of “BBВ-”, “Positive” outlook
Fitch Ratings-Moscow/London-the 17th Of November 2017. Fitch Ratings confirmed the ratings of the Tyumen Region of Russian Federation: long-term issuer default ratings (“IDR”) in foreign and native currency at the level “BBB-” with “Positive” outlook and short-term IDR in foreign currency “F3”.
The confirmation of the ratings of the Tyumen Region reflects the unchanged basic scenario of the agency regarding strong budget targets of the region, a good cash balance and almost zero direct risk (plain debt plus other Fitch debt). “Positive” outlook reflects the outlook for sovereign ratings.
The ratings of the Tyumen Region are restrained by sovereign ratings. A positive change in sovereign ratings will lead to a similar rating action on the region’s ratings provided that strong credit status remains.For more information, visit www.fitchratings.com.