Leading agencies increase the rating of Yamal

The international rating agency Fitch Ratings gave the long-term rating “BBB-” to Yamal-Nenets Autonomous Okrug. The forecast on the long-term rating is “Stable”.

As the press service of the head of the region informs, the rating of Yamal reflects low level of debt, good indexes of budget performance, high level of liquidity of the regional budget, and also strong indexes of creditworthiness of Yamal. The rating of Yamal is on the level of the rating of the Russian Federation. As we should remind, on the 21st of September the service of credit ratings Standard & Poor’s revised its forecast on ratings of Yamal-Nenets Autonomous Okrug from “Negative” to “Stable” and confirmed the ratings of the Autonomous Okrug on the level “BB+/ruAA+”. A rating action in respect of the Autonomous Okrug reflects an analogous rating action in respect of the Russian Federation. According to the agency, downgrade of the Autonomous Okrug is unlikely; however, the long-term credit rating of the region reflects the long-term sovereign credit rating of the Russian Federation and is limited with its level as the rating assigned to a subject of the Russian Federation cannot be higher than the rating of the sovereign government. Also in September of this year the rating agency RAEX (Expert RA) gave the credit rating of creditworthiness (long-term creditworthiness) to the Autonomous Okrug on the level of A++ “Exceptionally high (the highest) level of creditworthiness”. The rating forecast is stable, what means high probability of keeping the rating on the same level in the medium-term prospect.