Analytical Credit Rating Agency Rates the Tyumen Region as AAA(RU) on May 8, 2019, the Forecast is "Steady"

The Tyumen region’s credit rating is characterized by the minimum level of debt load risk and a high level of budget liquidity. The balance of a uniform account steadily exceeds the accumulated amount of debt. Flexible and well-balanced budget ensures the high position of the region in the rating. The Tyumen region finances its budgetary expenditures independently. Substantial financial reserves of the region’s budget provide a high level of protection against negative external influence.

In 2018, the region’s budget was executed with a 33.6 billion rubles surplus due to a significant increase in income tax revenues (by 64% compared to 2017) against the backdrop of the high ruble price of oil. According to the results of the first quarter of 2019, the actual budget revenues have increased by 26% compared to the same period of 2018 with only 6% of expenses growth.

The economy of the Tyumen region is well developed and possesses a great resource potential. Large investment projects in petrochemical industry, oil production, pharmaceutics, agro-industrial complex and other industries are developing in the region.

"Steady" forecast with the highest probability implies the consistency of the rating for 12-18 months.

A regular revision of the credit rating and forecast for the credit rating is expected within 182 days from the date ACRA releases data in accordance with the calendar of the planned revision and disclosure of sovereign ratings.

Additional information is available at: https://www.acra-ratings.ru/press-releases/1215

See History of the Tyumen region’s rating at: https://www.acra-ratings.ru/ratings/issuers/105