Fitch Affirms Moscow Region at 'BB+'; Outlook Stable

April 24, 2015 4:09 PM

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(The following statement was released by the rating agency) LONDON/MOSCOW/FRANKFURT, April 24 (Fitch) Fitch Ratings has affirmed the Moscow Region's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB+' with Stable Outlooks and its Short-term foreign currency IDR at 'B'.

The agency has also affirmed the region's National Long-term rating at 'AA(rus)' with a Stable Outlook. KEY RATING DRIVERS The ratings reflect Moscow Region's still sound, albeit declining, budgetary performance, low debt, strong liquidity and wealth and economic indicators above the national median...

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