Fitch Affirms Russian Kemerovo Region at 'BB-'; Outlook Stable

April 24, 2015 4:03 PM

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

The agency has also affirmed the region's National Long-term rating at 'A+(rus)'. The Outlooks on the Long-term ratings are Stable. Fitch has also affirmed the region's senior unsecured debt at Long-term local currency 'BB-' and at National Long-term 'A+(rus)'. KEY RATING DRIVERS The ratings reflect...

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